Tag: Oaktree
Oaktree Capital Management, a US-based investment fund, announced on Wednesday that it has assumed ownership of Serie A champions Inter Milan following the failure of the club's Chinese holding company, Suning, to make a €395 million ($428 million) payment.
The loan provided by Oaktree to Suning in 2021 was secured...
In under two months, Inter faces a pivotal moment, grappling with the imminent deadline for repaying Oaktree's loan—a crucial juncture in recent history.
By May 20th, 2024, Inter's president Steven Zhang must settle a €375m obligation to Oaktree, comprising the initial €275m loan plus approximately €100m in accrued interest. Failure...
