Revealed – Possible Conditions For PIMCO To Agree Loan To Inter Milan Owners Suning | OneFootball

PIMCO want a loan to Inter Milan owners Suning to be structured in a way that would facilitate a sale of the Nerazzurri.

This according to Milan-based newspaper Corriere della Sera, via FCInter1908.

Inter owners Suning have reportedly been working to try and secure a loan from US-based fund PIMCO.

This would be in order to refinance their debt to another US fund, Oaktree Capital.

The Nerazzurri owners owe Oaktree a total of around €380 – the €275 million loan plus all the interest.

The due date for Suning to pay that amount in full would be the twentieth of this month.

The Inter owners have been in talks with US fund PIMCO to try and secure a loan that would cover that amount, as well as additional cash for the operating of Inter.

However, a report that emerged earlier today indicated that the talks between Suning and PIMCO are stalling.

It is now five days away from the due date. And Suning have yet to finalize an agreement with PIMCO.

Naturally, the fact that the due date for the Oaktree loan is now so close and hand means that the margins are getting very thin.

Revealed – PIMCO Conditions For Loan To Inter Owners Suning

According to the Corriere della Sera, a key condition on the part of PIMCO is that Suning will look for a buyer or investor in Inter in the next twelve months.

There have been persistent rumours of both possible takeovers of, or minority investment in, Inter for several years now.

However, so far these have come to nothing. Suning are still, at the helm.

But PIMCO could aim to have a substantive change at the top of Inter.

The Corriere della Sera report that the plan of the American fund could be to negotiate a twelve-year loan at similar conditions to the Oaktree loan.

But in twelve months, the interest rates would then increase sharply.

In this way, PIMCO could put the pressure on Suning to search for a buyer or at least new minority investment over the next year.