Intrawest is the parent company of Steamboat Ski and Resort Corp. and operates Winter Park Resort in partnership with the city and county of Denver. The company has been struggling to restructure a reported $1.4 billion in debt.
Intrawest, a leader in the development and management of experiential destination resorts, today announced that it has successfully completed the refinancing of its corporate debt which was due in December 2009. The Company repaid its prior lenders in full and has completed a new loan, which is scheduled to mature in 2014. Terms of the new loan were not disclosed.
For more on the story, check out the local angle reports at SteamboatPilot.com, SkyHighDailyNews.com, and VailDailyNews.com (Intrawest CEO BIll Jensen was previously COO at Vail Mountain).