Inter Media Secures €350M in US Private Placement
Deal News | Jun 27, 2025 | White & Case LLP
Inter Media and Communication S.p.A., a subsidiary of the famed football club F.C. Internazionale Milano S.p.A., successfully executed a private placement in the US, issuing €350 million of senior secured notes due in 2030. The global law firm White & Case LLP represented Inter Media in this complex transaction, which involved both US and Italian legal elements, while BofA Securities, Inc. acted as the placement agent. This strategic financial move enables Inter Media to refinance a prior high yield bond issued in 2022, thus optimizing the club's financial position by leveraging future media rights and sponsorship revenues. Partners and associates from White & Case, who operated across London and Milan, provided critical legal guidance, underscoring the firm’s transnational expertise.
Sectors
- Sports and Entertainment
- Finance
- Legal Services
Geography
- United States – The private placement of notes was made to US institutional investors.
- Italy – Inter Media and Communication S.p.A. is based in Italy, and the transaction also involved Italian law.
- United Kingdom – White & Case LLP, with key team members in London, indicates involvement from the UK in legal advisory.
Industry
- Sports and Entertainment – Inter Media and Communication operates within the sports sector, managing media rights and sponsorship revenues for a leading football club.
- Finance – The transaction involves a private placement, which is a financial activity concerning debt issuance targeted at institutional investors.
- Legal Services – White & Case LLP, a global law firm, provided legal advice for the US private placement, demonstrating the relevance of the legal services industry.
Financials
- €350 million – The value of senior secured notes issued in the US private placement.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Inter Media and Communication S.p.A. | Target Company | Company | A subsidiary of F.C. Internazionale Milano S.p.A., managing the club's media rights and sponsorship revenues. |
| White & Case LLP | Legal Advisor | Company | A global law firm advising Inter Media on US and Italian law aspects of the transaction. |
| Oaktree Capital Management, L.P. | Sponsor | Company | Funds managed by this firm acted as a sponsor in the transaction. |
| BofA Securities, Inc. | Placement Agent | Company | Acted as the placement agent for the transaction. |
| F.C. Internazionale Milano S.p.A. | Parent Company | Company | The parent sports club of Inter Media and Communication S.p.A. |