Euro Disney plans to sell new stock

Euro Disney plans to sell new stock and debt as part of an agreement with Walt Disney Co and creditors to avert default on $2.9 billion of borrowings, the second bailout in a decade for Europe’s largest theme-park company.

Euro Disney plans to sell new stock
Thu, 10 Jun, 2004 - 01:00

The agreement needs to be approved by creditors holding a majority of the debt, said spokesman Pieter Boterman.

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CourtsPlace: EuropePerson: Pieter BotermanOrganisation: Euro DisneyOrganisation: Walt Disney Co
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