Darkbeer
11-12-2003, 12:59 PM
Euro Disney loss seen mounting as new park flags (http://www.forbes.com/home_europe/newswire/2003/11/12/rtr1144523.html) - Reuters, 11/12/03
QuikQuote: While the park may be operationally well managed, Euro Disney's performance is being undermined by a financial burden that prompted it to seek a six-month waiver on its bank repayments earlier this month.
"There is a risk it could stop operating," said Virginie Blin at brokerage Wargny. "They have said they won't respect their banking covenants which means their creditor banks could ask for their debts."
QuikQuote: While the park may be operationally well managed, Euro Disney's performance is being undermined by a financial burden that prompted it to seek a six-month waiver on its bank repayments earlier this month.
"There is a risk it could stop operating," said Virginie Blin at brokerage Wargny. "They have said they won't respect their banking covenants which means their creditor banks could ask for their debts."