The placement of the 415 million euro bond by Inter has arrived. And, among the subscribers, with an important share according to the Sole 24 Ore, there would be the Californian giant of alternative investments Oaktree. The operation was handled by Goldman Sachs and Rothschild. The 415 million of the new bond, as explained by the Nerazzurri company itself, will be used to refinance the current debt: that is, 375 million of the previous bonds that expired this year and a 50 million credit line provided by Goldman Sachs and Ubi Banca (now Intesa Sanpaolo).
The bond was placed at a rate of 6.75% compared to 4.8% of the previous issues.
Returning to Oaktree, the role of main financier of Oaktree, one of the large investors in the sector with managements for 158 billion dollars and based in Los Angeles, tightens both at the level of the Luxembourg holding company, controlled by the Zhangs, and at the club level. .
Based on the rumors gathered, it was not possible to know which share of the Oaktree bond it would acquire. In any case, the American company was already one of the bondholders of the previous issues (for a total of 375 million) that Inter is refinancing.
Oaktree itself has financed 275 million euros to the Luxembourg holding of the Zhang family, Grand Tower, which in turn controls Inter in a chain. Of this sum, 75 million have already been granted by Grand Tower to Inter last June to pay the liquidity deadlines.