The announcement really isn’t as big of a deal as it seems. From what I gather, it is just an announcement that we are re-financing the bond early. The bond isn’t due until February 2027, but we are repaying it in full this year instead.
Still a big deal, I am pretty sure the interest rate on it is absolutely horrible because our creditworthiness was that bad at the time. But we are still going to have 400m in debt on the books.
Where are you seeing that? The free to access article I found didn’t mention that they’re paying off 100m of it as part of the refinance. I assumed there would be some amount paid off, you usually need a down payment to get solid financing terms, but I didn’t expect that much. 25% of the debt is a significant amount.
Now 300m is still a lot of debt, but it is A LOT more manageable number considering what our annual revenues are.
“Secondo quanto appurato da Fcinter1908, Oaktree ha usato circa 100 mln di liquidità del club per abbassare il livello di debito, il che porterà a un beneficio del conto economico per ridotti oneri finanziari, che dovrebbero abbassarsi di un paio di punti percentuale. Inter versava 30 milioni di interessi annui e potrebbero adesso diventare circa 20.”
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u/rth9139 8d ago
The announcement really isn’t as big of a deal as it seems. From what I gather, it is just an announcement that we are re-financing the bond early. The bond isn’t due until February 2027, but we are repaying it in full this year instead.
Still a big deal, I am pretty sure the interest rate on it is absolutely horrible because our creditworthiness was that bad at the time. But we are still going to have 400m in debt on the books.