AC Milan Owner Refinances Elliott Loan With New Funds
AC Milan mascot "Milanello" waves a AC Milan flag before a match in Milan.
Photographer: Marco Luzzani/Getty Images EuropeRedBird Capital Partners, the owner of AC Milan, struck a deal for new debt that will refinance a vendor loan provided by Elliott Management Corp.
Comvest Credit Partners, a Florida-based private credit asset manager recently acquired by Manulife, arranged the financing, the company said in a statement on Friday. The new debt totals around $700 million, according to people familiar with the matter, who asked not to be named because they can’t be identified publicly.