Official: Inter issued 415 million euros in bonds to repay the revolving loan to cover the related costs

According to the Football Italia network, Inter Milan officially issued a statement confirming the issuance of a bond with a total value of 415 million euros to repay its revolving loan and announcing the value of the new jersey sponsorship contract.

In this media statement, Inter Milan said: "We have benefited from historical financial results and future growth prospects from our media broadcasts and sponsorships, and our adjusted income has remained relatively stable despite the COVID-19 pandemic and its unprecedented damage to business and industry." ”

"As Inter Milan is an Italian football club based on live audiences and one of the three major Italian clubs based on a share of tv viewers, the income we are currently allocated is one of the highest amounts in a Serie A club. Revenue in this segment has been increasing since the end of the fiscal year ended June 30, 2019. In addition, to get more added value from our jersey sponsors, we extended our existing partnership with global technology partner Lenovo and announced new partnerships with Socios.com and Zytara Labs. We expect to generate approximately €119 million in revenue from this partnership by 2025. ”

Last summer, Inter ended their long-standing partnership with Pirelli Tires with new sponsorship deals with Socios.com, Zytara Labs and Lenovo. Inter also announced the issuance of an institutional loan to repay their revolving loan.

"Media International Limited, the sole manager and operator of inter Milan FC's media, broadcasting and sponsorship business, hereby announces the issuance of an institutional loan, a new premium secured bond maturing in 2027 in total of €415 million, to repay the club's revolving loan, fund the secured account associated with the notes, and cover related fees and expenses, among other things."

(Felix Cat)