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HKDL considers refinancing loan,MarketWatch, 2006-10-24

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  • HKDL considers refinancing loan,MarketWatch, 2006-10-24

    HONG KONG (MarketWatch) -- Hong Kong Disneyland is asking banks about refinancing options on a HK$3.2 billion loan, which the company took out in 2000 to help fund the construction of the Hong Kong theme park, reported the South China Morning Post Tuesday, citing unnamed market sources.

    The new financing will replace the current loan, which has a step-up financing structure in which the interest rate increases periodically. The company hasn't decided whether the refinancing will be in the form of a bond, a loan, or other debt, the paper said.
    Source: MarketWatch

    Hong Kong Disneyland weighing refinancing options for 3.2 bln hkd loan - report
    24/10/2006 01:58 London Time | story 0125



    HONG KONG (XFN-ASIA) - Hong Kong Disneyland is looking at refinancing options on a 3.2 bln hkd loan taken out in 2000 to partially fund construction of the theme park, the South China Morning Post reported, citing a source familiar with the situation.
    The new debt will replace the current loan with the so-called "step-on" margin in which the interest rate goes up after every few years. The format of the deal, whether it is a bond, loan or other type of financing, has not been decided.
    Disneyland did not set a deadline for bank proposals and could raise the size of the facility, according to the report.
    Source: Euro2day


    perhaps they need money to fund construction for future attractions?
    Last edited by PennysBayChronicle; 10-24-2006, 02:50 AM.

  • #2
    Re: HKDL considers refinancing loan,MarketWatch, 2006-10-24

    Damn, your Googling skills are even faster than mine

    My first thought was that they were looking for funding for future attractions. My second thought was "Oh, they are in deep financial crap".

    Comment


    • #3
      Re: HKDL considers refinancing loan,MarketWatch, 2006-10-24

      Originally posted by Loomis View Post
      Damn, your Googling skills are even faster than mine

      My first thought was that they were looking for funding for future attractions. My second thought was "Oh, they are in deep financial crap".
      with the backing of HK Gov't , i don't think they are in deep financial trouble. With gov't involvement in HKDL, lots of banks would be willing to offer loans.

      it is highly likely that they are looking for funding for future attractions.

      Comment


      • #4
        Re: HKDL considers refinancing loan,MarketWatch, 2006-10-24

        First thought: they're looking a way to finance future attractions.

        The current funding scheme won't work if they really want to invest. And it
        sounds like both WDC & HK SAR are planning to do just that.

        2nd thought: they're just looking for a way to save on interest.

        Let's hope they're in the move to re-invest.

        Comment

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