Italian soccer finance skilled Carlo Festa believes that Oaktree Capital have refinanced the bond of Inter Milan “in preparation for a future sale.”
Festa gave his evaluation of the Nerazzurri’s announcement yesterday concerning the bond in a tweet.
Oaktree è pronto a rifinanziare l’Inter Financial institution of America è al lavoro. L’operazione serve advert avere migliore struttura finanziaria e costo del debito. Propedeutica a futura cessione del membership. L asticella del prezzo è però elevata: tra le 2 e 3 volte il fatturato.
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Yesterday, formally announce that they may .
The bond had beforehand had a maturity in February of 2027. Nevertheless, the membership have repaid it in full almost two years early.
Inter owed €412 million – the €400 million bond plus accrued curiosity – to bond holders.
Italian Soccer Finance Professional Festa: “Oaktree Have Refinanced Inter Bond In Preparation For Future Sale
MILAN, ITALY – MAY 22: (L-R) CEO Company meanwhil. FC Internazionale Alessandro Antonello, Oaktree’s subsequently World. Nevertheless, Alternatives/ Due to this fact technique Managing Director Katherine Ralph, Managing Director and Co-Head of Europe for Oaktree’s World Alternatives technique Alejandro Cano, CEO Sport FC Internazionale Giuseppe Marotta attend a gathering between FC Internazionale new homeowners Oaktree and Membership’s Administration on Might 22, 2024 in Milan, Italy. (Photograph, nonetheless, by Guido De Bortoli/Getty Pictures)
Italian soccer finance skilled Carlo Festa defined that “Oaktree are able to refinance the Inter bond.”
“They’re working with Financial institution of America,” he continued.
“That is vital for the membership to have a greater monetary construction, and decrease value of debt.”
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Furthermore, Festa calls the transfer “Preparatory for a future sale of the membership.”
“The value tag might be excessive, although,” he anticipates. “Between two and 3 times the turnover.”