Inter have officially announced the issuing of secured bonds worth €300m, maturing in 2022.
The Nerazzurri took out a €230m loan from Goldman Sachs in 2014, and it was reported last week that they’d aim to refinance it.
The loan was taken out by former majority shareholder Erick Thohir, before close to 70 per cent of the club was sold to Chinese conglomerate Suning Group.
Repayments have already been made by the club, seeing the debt fall to €208m.
Inter have officially announced the issuing of secured bonds worth €300m, maturing in 2022.
The Nerazzurri took out a €230m loan from Goldman Sachs in 2014, and it was reported last week that they’d aim to refinance it.
The loan was taken out by former majority shareholder Erick Thohir, before close to 70 per cent of the club was sold to Chinese conglomerate Suning Group.
Repayments have already been made by the club, seeing the debt fall to €208m.
Today the club has released a statement via its media arm, Inter Media and Communication, confirming the bond offer.
The money will be used to repay the debt with Goldman Sachs, repay a line of credit of short term working capital, pay for the general business needs of the club and pay costs and expenses relating the bond issue.
Goldman Sachs themselves are the book runner of the offer, with UBI Banca co-managing it.
As of June 30, 2017, Inter had total debts of €637m, though €221m of that is owed to owners Suning Group.