Intrawest Completes Refinancing Late This Afternoon

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Intrawest Completes Refinancing Late This Afternoon

By Craig Altschul
October 23, 2008

Intrawest reported at 4:10 p.m. this afternoon (Oct. 23, 2008) it has reached agreement to refinance its $1.7 billion loan that was due today. The company says it has received unanimous support from its existing lender group.

Intrawest CEO Bill Jensen said in a written statement his company was pleased to reach the agreement "particularly given the challenges of the global credit markets." So, no bankruptcy and a happy ending. Let it snow.

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Comments

	Congrats Intrawest. In difficult financial times, great to see a success story for a change. Best of luck for great snow and skier visits in 08/09. Let it snow.........
	Posted by: Jim Collins \| October 26, 2008 03:18 PM