|
|
 | | | |
- close
- close
- close
- close
| |||||||||
This excerpt taken from the DIS 10-K filed Dec 7, 2005. Hong Kong Disneyland – Senior
loans. Hong Kong Disneyland’s
senior loans are borrowings pursuant to a term loan facility of
HK$2.3 billion ($296 million at October 1, 2005
exchange rates) and a revolving credit facility of
HK$1.0 billion ($129 million at October 1, 2005
exchange rates). The balance of the senior loans as of
October 1, 2005 was HK$1.9 billion ($241 million
at October 1, 2005 exchange rates). The term loan facility
can be drawn down until March 12, 2006 with repayments to
begin in April 2009. As of October 1, 2005, 100% of the
revolving credit facility is available to be drawn down for
project financing and working capital requirements. Both
facilities are secured by the assets of the Hong Kong Disneyland
theme park, currently carry a rate of 3 month HIBOR
+ 1.0% and are scheduled to mature in fiscal 2016. The
spread above HIBOR is 1.0% through November 15, 2005, 1.25%
for the next five years and 1.375% for the last five years of
the facilities. As of October 1, 2005, the rate on the
Senior loans was 4.78%.
|
| |||||||
