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August 02, 2004
Euro Disney Gets Extension of Debt Plan
Euro Disney SCA, Europe's largest theme-park operator, obtained two more months to win creditors' support for a bailout that will prevent the company from defaulting on $2.9 billion in debt. The stock fell to a record low.The company previously had until Saturday to convince all creditors to accept its debt plan, which was approved in June by its biggest shareholder, Walt Disney Co., and three French banks. The parties now have until Sept. 30.
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Posted By: Ray @ 10:29 AM | 
