Revealed – How Oaktree Capital Have Managed To Refinance €400M+ Inter Milan Bond | OneFootball

Oaktree Capital have managed to repay the bond of Inter Milan in full by agreeing refinancing with new sources.

Gazzetta.it report that the Nerazzurri owners have obtained a more advantageous interest rate than the 6.750% rate of the existing bond.

The total amount of the bond had been €400 million. However, with the interest, the total amount that the Nerazzurri owed to bond holders came to €412 million.

How Oaktree Capital Have Refinanced Inter Milan Bond

Inter Milan’s bond had a maturity in February of 2027. Therefore, it is notable that the club have paid it off in full.

However, according to the Gazzetta, this is a financial manoeuvre by Nerazzurri owners Oaktree Capital.

The owners have managed to find private financing for the bond. And this has enabled them to obtain interest lower than the existing 6.750%.

That owes to the improved financial conditions at the club in recent years, as well as the arrival of a more solid ownership at the club in the form of Oaktree.

Moreover, the market conditions have improved, with interest rates currently lower.

Lastly, the Gazzetta notes, Oaktree could even obtain further equity in Inter by financing some of the debt themselves. Therefore, the total amount of the newly-refinanced debt could be lower, in addition to having a lower interest rate.