Inter Milan set to early repay bond as plans new debt deal

FILE PHOTO: Soccer Football - Champions League - Quarter Final - Second Leg - Inter Milan v Bayern Munich - San Siro, Milan, Italy - April 16, 2025 Inter Milan's Lautaro Martinez celebrates scoring their first goal REUTERS/Claudia Greco/File Photo
MILAN (Reuters) -Champions League finalist Inter Milan is set to early repay a 415 million euro ($479.57 million) high-yield bond this month as the Italian soccer club prepares to secure funds from a new debt deal, it said in statement on Friday.
Inter Milan paid a 6.75% coupon to place a five-year bond in 2022 to refinance Italy's top flight soccer club's debt.
The debt facility was issued by the Serie A club's media company, which manages the broadcast and sponsorship business of Inter Milan.
The company plans to redeem the bond on June 26, subject to securing funds from a debt financing transaction by the business day before the redemption date, it said in a statement.
Companies tipically repay debt early to secure better financial conditions.
Controlled by U.S. investment fund Oaktree, Inter Milan was reportedly tapping private debt investors to refinance the debt facility.
Oaktree took over the club last year after a missed 395 million euro payment from the then majority shareholder, Chinese Chinese conglomerate Suning.
($1 = 0.8654 euros)
(Reporting by Elvira Pollina, Editing by Louise Heavens)

Try Our AI Features

Explore what Daily8 AI can do for you:

Learn with AIFact CheckingText to SpeechAI Summary

Related Articles

New Straits Times

41 minutes ago

• New Straits Times

Tudor dismisses end-of-season fatigue narrative, Juventus primed for Club World Cup challenge

PHILADELPHIA: Juventus manager Igor Tudor played down suggestions that his team are showing signs of end-of-season fatigue, insisting his players are motivated and ready to compete as they prepare to face Moroccan side Wydad Casablanca in the Club World Cup on Sunday at Lincoln Financial Field. Juventus opened their campaign with an emphatic 5-0 victory over UAE's Al Ain, and a win against Wydad would secure their progression to the next stage. Such a result would set up a highly anticipated Group G showdown with Manchester City on Thursday, likely to determine the group winners. Speaking to reporters on Saturday, Tudor said he sees no signs of lethargy in his squad. "I don't see any signs of fatigue in the team; on the contrary, I see a lot of enthusiasm," he said. "It's a pleasure to see them enjoying playing together. They started the last match like it was a final. There's more confidence in them now, not just a little but a lot more. They're enjoying what we're building together, and that's a fantastic thing." Tudor, who took over in March following the dismissal of Thiago Motta, has overseen a remarkable turnaround at the Turin club. Juventus were floundering outside the Serie A top four and had been eliminated from all cup competitions when Tudor arrived. However, under his guidance, the team suffered just one further league defeat, finishing fourth to secure Champions League qualification. Reflecting on his tenure thus far, Tudor expressed pride in his players' professionalism and commitment. "I have great professionals who've been available from the first day to the last," he said. "There's been a lot of work behind the scenes, but we've also developed a better understanding of the game and what I ask of them as a coach." Despite the strong start in the Club World Cup, Tudor urged his squad to remain focused. "Juventus should be ambitious, but we must stay humble and work hard with our heads down," he said. "I always tell the players to focus on training and take each match as it comes. Maybe I bore them by saying it, but that's the mindset we need." Juventus' clash with Wydad Casablanca will be a key test of their progress under Tudor, with the Italian side looking to maintain momentum ahead of the knockout stages of the tournament.

The Sun

3 hours ago

• The Sun

Tudor Dismisses Fatigue Talk Ahead of Juventus-Wydad

JUVENTUS manager Igor Tudor played down suggestions that his team are showing signs of end-of-season fatigue, insisting his players are motivated and ready to compete as they prepare to face Moroccan side Wydad Casablanca in the Club World Cup on Sunday at Lincoln Financial Field. Juventus opened their campaign with an emphatic 5-0 victory over UAE's Al Ain, and a win against Wydad would secure their progression to the next stage. Such a result would set up a highly anticipated Group G showdown with Manchester City on Thursday, likely to determine the group winners. Speaking to reporters on Saturday, Tudor said he sees no signs of lethargy in his squad. 'I don't see any signs of fatigue in the team; on the contrary, I see a lot of enthusiasm,' he said. 'It's a pleasure to see them enjoying playing together. They started the last match like it was a final. There's more confidence in them now, not just a little but a lot more. They're enjoying what we're building together, and that's a fantastic thing.' Tudor, who took over in March following the dismissal of Thiago Motta, has overseen a remarkable turnaround at the Turin club. Juventus were floundering outside the Serie A top four and had been eliminated from all cup competitions when Tudor arrived. However, under his guidance, the team suffered just one further league defeat, finishing fourth to secure Champions League qualification. Reflecting on his tenure thus far, Tudor expressed pride in his players' professionalism and commitment. 'I have great professionals who've been available from the first day to the last,' he said. 'There's been a lot of work behind the scenes, but we've also developed a better understanding of the game and what I ask of them as a coach.' Despite the strong start in the Club World Cup, Tudor urged his squad to remain focused. 'Juventus should be ambitious, but we must stay humble and work hard with our heads down,' he said. 'I always tell the players to focus on training and take each match as it comes. Maybe I bore them by saying it, but that's the mindset we need.' Juventus' clash with Wydad Casablanca will be a key test of their progress under Tudor, with the Italian side looking to maintain momentum ahead of the knockout stages of the tournament.

Malay Mail

3 hours ago

• Malay Mail

Late show from Inter Milan, wild ride for Dortmund in Club World Cup

PHILADELPHIA, June 22 — Inter Milan came from behind to beat Urawa Red Diamonds and knock the Japanese side out of the Club World Cup yesterday, while Borussia Dortmund held off Mamelodi Sundowns to win a seven-goal thriller. At Lumen Field in Seattle, Ryoma Watanabe got an early opening goal for Urawa Reds, who were backed by a noisy contingent of their supporters. But captain Lautaro Martinez — who got Inter's equaliser in their 1-1 draw with Monterrey of Mexico in their opening game — repeated the trick to level matters with a clever overhead kick 12 minutes from time. Valentin Carboni was then the unlikely hero as he grabbed the winner two minutes into injury time. The 20-year-old Argentine had not played a competitive game since early October after suffering a serious knee injury while on loan at Marseille. Carboni had not made an appearance for Inter in over two years, but he was on to hand to sidefoot home when the ball fell to him in the area. 'Our opponents play with their hearts and to counter that as a team we need to play with more pride, be humble and know how to suffer,' Martinez told broadcaster DAZN after Inter were made to work for the victory. The result left Inter provisionally top of Group E on four points, one point ahead of River Plate before the Argentinian giants faced Monterrey later in Pasadena. Meanwhile a second defeat in as many matches means Urawa Reds are eliminated, and many of their supporters were in tears at full-time. 'Our emotion is very bad after this game. We are out of the tournament so now we can only fight in the last game to achieve our one and only win,' said their Polish coach Maciej Skorza. Borussia Dortmund's Jobe Bellingham fights for the ball with Sundowns' Chilean Marcelo Allende during their Fifa Club World Cup 2025 Group F match in Cincinnati June 21, 2025. — AFP pic Bellingham strikes Earlier Jobe Bellingham got his first goal for Dortmund as his new club overcame stifling heat in Cincinnati to beat Sundowns 4-3 and move to four points from two matches in Group F. The South African champions had taken a surprise early lead through a fine solo goal from Lucas Ribeiro. However, Sundowns goalkeeper Ronwen Williams handed Dortmund their equaliser on a plate, passing the ball straight to Felix Nmecha, who stroked home. Serhou Guirassy gave Dortmund the lead with his 35th goal since the beginning of the season. English midfielder Bellingham, who this month followed older brother Jude's footsteps in joining the German side from Sunderland, started for the first time for Dortmund and made it 3-1 just before the break. Khuliso Mudau's own goal made it 4-1 before the hour mark, but Sundowns salvaged some pride by reducing the deficit through Iqraam Rayners and Lebo Mothiba. 'I'm sweating like I've just come out of a sauna,' said Dortmund coach Niko Kovac when asked about the conditions in a game which started at midday local time. 'It was tough going for both teams, but the opposition are used to it. We certainly didn't give our best performance, but that wasn't possible today.' Sundowns will still go into their final game in Group F with a chance of qualifying for the last 16. 'The boys made a wonderful performance... it was a hell of a match. I'm not happy but very proud,' said their Portuguese coach, Miguel Cardoso. Fluminense, who held Dortmund 0-0 in their first match, took on Ulsan of South Korea at the MetLife Stadium in East Rutherford in the other Group F game later on Saturday. — AFP