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Inter Milan Hires Goldman to Steer Debt Refinancing

  • Italian football club has 425 million-euro bond maturing 2022
  • Covid losses push European clubs to adjust capital structure
Corrected

Italian football club FC Internazionale Milano SpA has hired Goldman Sachs Group Inc. to work on the refinancing of its outstanding debt, according to people familiar with the matter.

With a 425 million-euro bond ($482 million) maturing at the end of the year, Inter Milan mandated the investment bank to launch a new bond of approximately the same size and with a five-year tenure, according to one of the people. Goldman held investor meetings before the Christmas holidays and the transaction could close in the coming weeks.