Ski company Intrawest refinances debt, completes loan
Vail, CO Colorado
VANCOUVER – Ski resort company Intrawest Tuesday 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.
Intrawest’s resorts include Whistler Blackcomb, a host of the 2010 Olympics Winter Games and Canadian Mountain Holidays, the largest heli-skiing operation in the world. The CEO of Intrawest is former Vail Mountain chief operating officer Bill Jensen, whose wife, Cheryl, still lives in Vail and is very active in local charitable efforts such as the Vail Veterans program.