Euro Disney close to restructuring deal

Euro Disney has reached an agreement with its creditors that should ensure its survival from a €2.4bn debt.

Euro Disney close to restructuring deal
Wed, 09 Jun, 2004 - 14:40

Euro Disney has reached an agreement with its creditors that should ensure its survival from a €2.4bn debt.

The loss-making theme park will now be allowed to restructure existing debt and raise new debt and equity on the condition that all lenders, shareholders and the regulatory authorities approve.

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