Announcement

Collapse

Your Assistance Please

We need your help to battle spammers and also to keep our community user friendly.
PLEASE BE KIND TO OTHERS - Refrain from personal attacks. Avoid politics and harsh language whenever possible. If someone is violating our simple rules, DO NOT confront them, simply report the post.
STOP SPAMMERS - Report the post. DO NOT respond to them.

2017 is a year of renewal for us, we have lots of exciting changes on the way for you, but we don't have time to deal with trolls and spammers. If you find yourself suspended and need to plead your case, you will need to do so after your suspension. We are happy to address your concerns if you made a simple mistake. However, please note that those with a history of bad behavior and pushing our rules to the limit will not be given the courtesy of a reply.

MiceChat offers a number of ways for you to communicate and get involved. We offer Facebook Groups and Pages, Twitter, Instagram and Pinterest accounts. We have a front page filled with amazing content. We offer weekly meetups in the parks. Meets and events all over the world. Podcasts and videos. And we continue to maintain forums for your posting convenience. But with all those options, we can't be everywhere all the time. We need YOUR help. Please don't poke the trolls. Report posts and leave reputation. We'll do our best to keep the forums clean and active, but we can't do so without your help.

Thank you for your support folks, it's going to be a really fantastic year in the MiceChat world.
See more
See less

Breaking: Twdc loans 1,3 billion to eurodisney

Collapse

Ad Widget

Collapse
This topic is closed.
X
X
  • Filter
  • Time
  • Show
Clear All
new posts

  • News Breaking: Twdc loans 1,3 billion to eurodisney

    Source: http://corporate.disneylandparis.com...ss-release.pdf

  • #2
    Re: Breaking: Twdc loans 1,3 billion to eurodisney

    Not the total buyout that was rumoured, but this should prove equally effective for actually allowing EuroDisney to invest in the parks. One has to imagine they already have plans lined up, hopefully the turn-around time won't be long.

    Comment


    • #3
      Re: Breaking: Twdc loans 1,3 billion to eurodisney

      They didn't purchase more stock, just took on their bank loans and offered a lower interest rate/more forgiving repayment. Important distinction, but this option actually fixes the problem rather than Disney purchasing more stock.

      The real problem is not ownership but the huge loans and strict bank rules that prohibited them from making capital expenditures (i.e. investing in the park). With those lifted, and a lighter repayment plan short term (5 years), this gives them a significant amount of cash to invest. The ability to invest in the parks was really the whole reason this was done. I think Disney has learned well from DCA that proper investment can really turn a park around.

      I'm sure this has been on the back burner for a while, once DCA exceeded expectations they pulled the trigger.

      Comment


      • #4
        Re: Breaking: Twdc loans 1,3 billion to eurodisney

        This makes more sense than purchasing more stock. In that thread we were already wondering about the debt. By having more of the debt being owed to The Walt Disney Company instead of third parties, more flexibility can be offered without the cost of buying the stock, which jumped with rumors of the impending purchase.

        Comment


        • #5
          Re: Breaking: Twdc loans 1,3 billion to eurodisney

          This solution is way better than buying out the resort. TWDC always had the last word in decisions and appointing the management, so a buyout wouldn't have changed that. In addition the debts would still be with the banks and not with Disney, which is the case now. With TWDC owning the debt it's a lot easier to establish a good repayment plan over the next years. That gives ED SCA more flexibility in investing into the resort. However just because TWDC owns the debt now, doesn't mean it's gone. I'm pretty sure TWDC wants its money back. It just gives ED SCA more time to repay. And €400mio are still with the banks.

          Comment


          • #6
            Re: Breaking: Twdc loans 1,3 billion to eurodisney

            Good news, makes me wonder if its still part of the grander scheme. Let them right the ship first and then look to purchase the company - less headaches that way.
            sigpic

            "We're not trying to entertain the critics ... I'll take my chances with the public." -
            Walt Disney

            Comment

            Ad Widget

            Collapse
            Working...
            X