US Edition"A Long-Term Commitment to the Club" - Cardinale's First Comments After RedBird Refinancing
7 Articles
7 Articles
No change in governance, the satisfaction of the Rossonero owner: "We will continue to identify opportunities to create value over time"
Gordon Singer, visible face of the Elliott fund, spoke yesterday about his engagement with Ac Milan, which comes to an end following RedBird's decision to cancel the loan.
Here we are. AC Milan is officially and unconditionally owned by RedBird, with Gerry Cardinale having repaid his debt to Elliott by refinancing the vendor loan with another structured by Comvest Credit Partners.
"A long-term commitment to the Club" - Cardinale's first comments after RedBird refinancing
By: Ben Dixon This afternoon, it was confirmed that RedBird had refinanced the vendor loan used to initially purchase AC Milan, thus seeing Elliott exit the club. It has been an interesting few weeks where RedBird have been concerned. In December, it was reported that they would not be supporting any moves made in January, with the budget expected to be fairly low.However, this now seems to be changing, with Milan desperately pushing to make a f…
RedBird announces completion of AC Milan refinancing
RedBird Capital Partners today announced the successful completion of a refinancing that strengthens AC Milan's capital structure and long-term financial flexibility. The transaction refinances the acquisition-related vendor financing originally provided by entities advised by Elliott Advisors UK Limited ("Elliott") in connection with RedBird's acquisition of AC Milan and replaces it with new institutional debt financing arranged by Comvest Cred…
RedBird Capital Partners announces the successful completion of a refinancing transaction that strengthens AC Milan's financial structure and consolidates its long-term flexibility. The transaction refinances the acquisition-related vendor loan—originally held by vehicles managed by Elliott Advisors UK Limited ("Elliott") upon RedBird's acquisition of AC Milan—by replacing it with a new institutional financing structured by Comvest Credit Partne…
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