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MN: Sources deny involvement of Carlyle in RedBird-Elliott loan refinancing

Summary by SempreMilancom
By: Oliver Fisher In addition to all of the other uncertainty surrounding AC Milan, there has been talk in recent days of Gerry Cardinale refinancing the vendor loan with Elliott Management.RedBird and Elliott Management reached an agreement worth a total of €1.2bn for the takeover of Milan, but €550m of that was made up by a vendor loan from Elliott. This facilitated the takeover and made the process much quicker.However, obviously the loan wil…
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AC MilanAC Milan
ItalyItaly
Milan, IllinoisMilan, Illinois
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