Inter Milan Eyes Raising Private Debt Tied to Media Rights
Inter Milan players celebrate during a match at Giuseppe Meazza Stadium in Milan on May 6.
Photographer: Marco Luzzani/Getty ImagesFC Internazionale Milano SpA is looking at private debt markets to refinance its high yield bonds backed by the football club’s sponsorship and media rights, said people familiar with the matter.
The Milan-based club is marketing privately placed notes to institutional investors to replace about €400 million ($453 million) of bonds at Inter Media and Communication SpA, a vehicle housing the club’s media and sponsorship rights, said the people, who spoke on the condition of anonymity. The existing junk-rated debt comes due in February 2027, according to data compiled by Bloomberg.