Inter Milan has issued this Monday a guaranteed debt bond maturing in 2027 and worth 415 million euros. It intends to use the proceeds in an amortization of outstanding senior debt due this year. The Italian club, owned by the Chinese consortium Suning, has said in a statement that it will also use the money to repay a revolving line of credit, and to pay commissions and other expenses. The issue has been made thanks to agreements signed with Goldman Sachs and Rothschild.
The Milanese club, leader of the Italian Serie A and current champion of the tournament, It is going through a complicated period economically, exacerbated by the coronavirus pandemic. Last May, Inter announced an agreement with the American fund Oaktree to receive a loan of 275 million euros, that would help the club survive in the following months.
The Italian clib, which was among the founding members of the Super League with the desire to increase its income, he spent nearly 150 million last year just to pay his players’ salaries.
The economic crisis forced Inter to transfer two of its leaders in the last summer transfer market: the Belgian Romelu Lukaku, who ended up at Chelsea for 115 million euros, and the Moroccan Achraf Hakimi, sold to Paris Saint-Germain for a figure close to 70 million euros.