Italian football finance expert Carlo Festa believes that Oaktree Capital have refinanced the bond of Inter Milan “in preparation for a future sale.”
Festa gave his analysis of the Nerazzurri’s announcement yesterday regarding the bond in a tweet.
Oaktree è pronto a rifinanziare l’Inter Bank of America è al lavoro. L’operazione serve ad avere migliore struttura finanziaria e costo del debito. Propedeutica a futura cessione del club. L asticella del prezzo è però elevata: tra le 2 e 3 volte il fatturato.
— carlo festa (@carlopaolofesta) June 14, 2025
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Yesterday, Inter Milan officially announce that they will repay their bond in full.
The bond had previously had a maturity in February of 2027. However, the club have repaid it in full nearly two years early.
Inter owed €412 million – the €400 million bond plus accrued interest – to bond holders.
Italian Football Finance Expert Festa: “Oaktree Have Refinanced Inter Bond In Preparation For Future Sale
MILAN, ITALY – MAY 22: (L-R) CEO Corporate meanwhil. FC Internazionale Alessandro Antonello, Oaktree’s therefore Global. However, Opportunities/ Therefore strategy Managing Director Katherine Ralph, Managing Director and Co-Head of Europe for Oaktree’s Global Opportunities strategy Alejandro Cano, CEO Sport FC Internazionale Giuseppe Marotta attend a meeting between FC Internazionale new owners Oaktree and Club’s Management on May 22, 2024 in Milan, Italy. (Photo, however, by Guido De Bortoli/Getty Images)
Italian football finance expert Carlo Festa explained that “Oaktree are ready to refinance the Inter bond.”
“They’re working with Bank of America,” he continued.
“This is necessary for the club to have a better financial structure, and lower cost of debt.”
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Moreover, Festa calls the move “Preparatory for a future sale of the club.”
“The price tag will be high, though,” he anticipates. “Between two and three times the turnover.”
