Inter Milan could turn to the private debt market to refinance their bond, following the lead of Barcelona, Spurs, and Roma.
This according to US financial outlet Bloomberg. They report that Nerazzurri owners Oaktree Capital would back up this refinancing strategy with the club’s broadcasting and sponsorship revenues.
Inter Milan have a sizable debt bond.
Held by the Inter Media and Communication SpA company, the Nerazzurri’s bond is worth over €400 million.
And that bond comes due in 2027.
Therefore, the Nerazzurri must refinance the bond before then.
And according to Bloomberg, Inter owners Oaktree Capital have a clear idea on the path forward.
Inter Milan Could Refinance Bond With Private Debt – Following Barcelona, Roma & Spurs
According to Bloomberg, Inter Milan could turn to the private debt market.
This would entail refinancing their bond through funds such as asset management firms, insurance companies, and pension funds.
Such a strategy is common in the US financial world. It would have the advantage of longer maturities on the bond in the future in comparison to high-yield bonds.
Bloomberg note that Inter could back up such an approach with their high revenues from broadcasting deals and sponsorships.
And the outlet also highlight the fact that in Serie A, Roma already converted their own high-yield bond by refinancing privately.
And around Europe, the likes of Barcelona and Tottenahm Hotspur have also done so.