The investment made by would be around 50 million euros Oaktree at the beginning of 2022 in the 415 million bond issued by Inter (expiring in February 2027) and guaranteed by Inter Media and Communicationthe vehicle of the Nerazzurri club where all commercial and television rights revenues flow.
At the time – remember Tuttosport in today’s edition – the Californian fund was a creditor of Suning to which it had granted the maxi-financing of 275 million euros, which was then not repaid with the consequent exercise of the pledge which led to the certified transfer of ownership on 22 May, with the end of the Zhang family’s management.
This means that, in fact, the actual exposure of the Nerazzurri bond can now be considered lower than the original figure, given that 50 million are owed to the fund which has in the meantime become the club’s owner. We remind you that the bond weighs for approximately 40 million euros on Inter’s accounts every season, a figure linked to the interest that must be paid to investors.
A theme that – according to what we recently learned from Football and Finance – for Oaktree it would not be something to worry about in the immediate future, considering the maturity which will be in 2027. The bond repayment plan, in detail, is as follows:
- 1 installment of 3.57 million euros on 30 June 2024;
- 1 installment of 3.69 million on 30 December 2024;
- 1 installment of 3.82 million on 30 June 2025;
- 1 installment of 3.95 million on 30 December 2025;
- 1 installment of 4.08 million on 30 June 2026;
- 1 installment of 4.22 million on 30 December 2026;
- 1 final installment for 391.67 million by 9 February 2027.
