Euro Disney Group Improves its Debt Profile with the €1.3 Billion Refinancing of the Group's Debt by The Walt Disney Company

Euro Disney Group Improves its Debt Profile with the €1.3 Billion Refinancing of the Group's Debt by The Walt Disney Company PR Newswire MARNE-LA-VALLÉE, France, September 18, 2012 MARNE-LA-VALLÉE, France, September 18, 2012 /PRNewswire/ -- Euro Disney S.C.A., parent company of Euro Disney Associés S.C.A., operator of ®Disneyland Paris, announces the refinancing Euro Disney group's debt (excluding debt already extended by The Walt Disney Company) with new financing provided by The Walt Disney Company and two of its French subsidiaries, for an overall amount of 1,332 million euros. The workers' council has been consulted on the transaction and has rendered a favourable opinion thereon. In addition, the consent of all the creditors, necessary to implement the transaction, has been obtained. The Supervisory Board of Euro Disney Associés S.C.A. met today and approved the transaction. With this refinancing, the Group's average interest rate on its debt decreases meaningfully and the Group benefits from greater operational flexibility by removing the restrictive covenants under existing debt agreements, notably those related to restrictions on capital expenditures. Moreover, the extended maturity of the total debt to 2030 together with a more gradual debt repayment schedule will better position the Group to invest in long-term growth and drive value for all shareholders. The transaction is expected to close on 27 September 2012.