Inter Milan, Oaktree's stake in the bond increases: the repayment plan and the figures

Oaktree, the current owner of Inter Milan, has purchased an additional share of the bond worth approximately 415 million euros (£347 million), maturing in February 2027. This was reported by calcioefinanza.it, which provides an update on the situation. The repayment plan for the bond is as follows:

• One installment of 3.95 million euros (£2.58 million) on December 30, 2025;
• One installment of 4.08 million euros (£3.40 million) on June 30, 2026;
• One installment of 4.22 million euros (£3.53 million) on December 30, 2026;
• One final installment of 391.67 million euros (£327.40 million) due by February 9, 2027.

What emerges from the financial report:

Compared to 2023, in 2024, Oaktree's stake among the bondholders of the bond issued by Inter Milan has grown, although it still holds a minority share. 

The Californian fund, as revealed by the financial report of one of the Luxembourg-based companies controlled by the fund, purchased a portion of the bond issued by Inter Media and Communication, the company through which the club’s TV and sponsorship revenues flow.

The situation in detail:

In detail, this involves a dual stake: one worth 1.6 million euros (£1.34 million) in the Oaktree Global High Yield Bond Fund and another worth 1.1 million euros (£920.000) in the Oaktree Global High Yield Carbon Focus Fund. 

In the first case, the investment in Inter Milan's bond is the second-largest in Italy, behind the 1.8 million euros (£1.50 million) invested in the Optics Bidco bond (the KKR-owned holding company that acquired TIM’s network). 

In the second fund, the investment comes second only to the one made in the Neopharmed Gentili bond.

Oaktree's growing bond share:

This represents an increase in Oaktree's stake compared to last year. In 2023, the fund had only a share worth just under 200,000 euros (£167.000) in documents filed by Oaktree in Luxembourg. 

Therefore, Oaktree’s value in the club’s bond has increased by around 2.5 million euros (£2.1 million) between 2023 and 2024. Moreover, the Californian fund has been a long-time bondholder for Inter Milan, having also invested in the previous bond issuance (issued in 2017 and maturing in 2022) with a stake worth approximately 420,000 euros (£351.000).

(Source: calcioefinanza.it via Fcinter1908.it)