Inter Media and Communication's $350M US Private Placement
Deal News | Jun 26, 2025 | Legal Community Italy
Inter Media and Communication, a subsidiary of F.C. Internazionale Milano, successfully conducted a US private placement of senior secured notes worth $350 million, maturing in 2030. The transaction, intended to refinance high yield bonds issued in 2022, was facilitated by BofA Securities as the placement agent targeting US institutional investors. Legal advisement regarding the US and Italian law aspects of the operation was provided by the international law firm White & Case, with participation from partners Michael Immordino and Evgeny Scirt Ostrovskiy, as well as associates Pietro Bancalari, Marco Cattani, and Stefano Cultrera. Additional Italian tax law advisory was offered by the firm PedersoliGattai, under the guidance of partner Cristiano Garbarini, salary partner Daniela Caporicci, and senior counsel Valentina Buzzi. Legance law firm, coordinated by partner Tommaso Bernasconi, assisted the subscribers of the bonds with various financial and tax-related matters.
Sectors
- Finance
- Sports Management
- Legal Services
Geography
- Italy – The transaction involves Inter Media and Communication, which is based in Italy, and involves Italian legal and tax considerations.
- United States – The private placement targets US institutional investors and involves US legal aspects.
Industry
- Finance – The article discusses a significant financial transaction involving the issuance of bonds, a key financial activity.
- Sports Management – Inter Media and Communication is a subsidiary of a professional football club, dealing with media rights and sponsorships.
- Legal Services – Multiple law firms are involved in the advisory roles for this private placement, showcasing legal intricacies in cross-jurisdictional finance deals.
Financials
- 350,000,000 – The total amount raised through the private placement of senior secured notes.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Inter Media and Communication | Target Company | Company | A subsidiary of F.C. Internazionale Milano, handling media rights and sponsorship revenue. |
| F.C. Internazionale Milano | Parent Company | Company | One of the leading professional football clubs in Italy and globally. |
| Oaktree Capital Management | Sponsor | Company | Funds managed by this firm backed the private placement. |
| White & Case | Legal Advisor | Company | An international law firm advising on US and Italian legal aspects of the transaction. |
| BofA Securities | Placement Agent | Company | Acted as the placement agent for the private placement. |
| PedersoliGattai | Legal Advisor | Company | Provided advice on Italian tax law aspects of the transaction. |
| Legance | Legal Advisor | Company | Assisted bond subscribers on financial and tax aspects under Italian law. |