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June 09, 2004
Euro Disney Wins Debt Reprieve After Last-Minute Bank Deal
Euro Disney said that it had won a reprieve from a debt crisis and risk of default by striking an outline deal with creditor banks just before a deadline expired. The deal, which restructures debt of 2.4 billion euros (2.9 billion dollars), involves the parent group and key shareholder Walt Disney Company of the United States, the French state-owned Caisse des Depots et Consignations investment body, and a committee representing other lenders.
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Posted By: Ray @ 8:05 AM | 
