The Walt Disney Company is providing US$1.73bn (1.34bn euro, £1.07bn) to restructure the debt at the Disneyland Paris resort, which operates two parks, seven hotels and an entertainment centre.
As a result, Euro Disney SCA Group will benefit from lower interest rates and more operational flexibility with the elimination of existing covenants. Interest will be reduced by a total of €45m over the next five years and €217m of principal will be repaid over that period.
