Inter Milan Owner in Talks With Oaktree, Pimco to Refinance Loan
Inter Milan players celebrate winning the Italian Super Cup final in January.
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The owner of FC Internazionale Milano SpA has been in discussions with Oaktree Capital Management and Pacific Investment Management Co. to refinance a loan coming due in May, according to people familiar with the matter.
Grand Tower Sarl, an entity through which Suning Holdings Group Co. controls the majority of Inter Milan’s shares, owes Oaktree close to €400 million ($427.9 million). In 2021, the Los Angeles-based fund provided a €275 million facility at an interest rate of about 12.5%. The loan, which is secured by Suning’s equity stake in Inter Milan, is coming due May 20 and the firm has been discussing different options to refinance it.