PRN: Euro Disney Obtains an Additional Standby Revolving Credit Facility From The Walt Disney Company in Connection With an Approval From its Lenders to Increase its Investments

10/gen/2012 07.35.47 PR Newswire Turismo Contatta l'autore

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Euro Disney Obtains an Additional Standby Revolving Credit Facility From The Walt Disney Company in Connection With an Approval From its Lenders to Increase its Investments

 
[10-January-2012]
 

MARNE-LA-VALLÉE, France, January 10, 2012 /PRNewswire/ --

Euro Disney S.C.A. (the "Company"), parent company of Euro Disney Associés S.C.A., operator of Disneyland® Paris (together the "Group"), announces that, on January 6, 2012, it has obtained an additional standby revolving credit facility (the "Additional Facility") of €Â 150 million from The Walt Disney Company. This Additional Facility expires on September 30, 2018 and was advanced in connection with the approval from its lenders to increase the Group's investments by up to €Â 250 million. These investments correspond to the annual recurring investment budget for fiscal year 2012 and a multi-year expansion of the Walt Disney Studios® Park, which includes a new attraction. The Additional Facility is separate from the € 100 million existing standby revolving credit facility (the "Existing Facility"), which expires on September 30, 2014 a! nd is still undrawn. The other terms and conditions of the Additional Facility are substantially the same as the Existing Facility.

Although no assurances can be given, the Group believes it has sufficient funds to finance these and other necessary investments and repay its borrowings consistent with the scheduled maturities, based on its existing cash position, liquidity from the Existing Facility and the benefit of certain conditional deferrals permitted under the Group's existing debt agreements.

 

Next Scheduled Release: Availability of the 2011 Reference Document in January 2012

Additional Financial Information can be found on the internet at http://corporate.disneylandparis.com

Code ISIN:         FR0010540740            
Code Reuters:      EDLP.PA
Code Bloomberg:    EDL:FP


The Group operates Disneyland® Paris which includes: Disneyland® Park, Walt Disney Studios® Park, seven themed hotels with approximately 5,800 rooms (excluding approximately 2,400 additional third-party rooms located on the site), two convention centers, Disney® Village, a dining, shopping and entertainment centre, and a 27-hole golf course. The Group's operating activities also include the development of the 2,230-hectare site, half of which is yet to be developed. Euro Disney S.C.A.'s shares are listed and traded on Euronext Paris.


Press Contact                             Investor Relations
Laurent Manologlou                       Olivier Lambert
Tel: +33-1-64-74-59-50                    Tel: +33-1-64-74-58-55
Fax: +33-1-64-74-59-69                    Fax: +33-1-64-74-56-36
e-mail:  laurent.manologlou@disney.com      e-mail:  olivier.lambert@disney.com


Corporate Communication
François Banon
Tel: +33-1-64-74-59-50
Fax: +33-1-64-74-59-69
e-mail: francois.banon@disney.com 


Company Codes: Bloomberg:EDIA@GR, Bloomberg:EDL@FP, RICS:EDLP.F, RICS:EDLP, Euroclear:12587, ISIN:FR0010540740
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