News from Milan. RedBird ed Elliott they reached an agreement to refinance the loan given by the Singer the moment the bottom of Cardinal bought the Rossoneri club. The deadline from August 2025 changes to July 2028. At the same time, RedBird made a further investment of 170 million euros, reducing the principal amount of the loan to 489 million. The so-called “vendor loan” was 550 million. Next August the interest would have increased it to 693.
The official press release from Milan
The official statement: “AC Milan today informed that a refinancing of the Vendor Loan held by vehicles managed by Elliott Advisors UK Limited (“Elliott”) has been completed. The refinancing with Elliott, in its sole position as lender, includes a further investment of €170 million by AC Milan's owners, RedBird Capital (“RedBird”), which reduces the principal amount of the loan to €489 million, with a maturity now set in July 2028.”
Scaroni's comment
Paolo ScaroniPresident of AC Milan, commented as follows: “Over the past few years, AC Milan's financial position has steadily grown and strengthened under the leadership of RedBird, an owner with long-term commitment. Significant work has been carried out to ensure the stability of our iconic club, position it for sustainable operational success and nurture the legacy, tradition and values of the Rossoneri”.
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