Vail Resorts will use revolver to fund Perisher Ski Resort purchase

By Tali Rackner

Norfolk, Va., March 30 – Vail Resorts, Inc. plans to use the revolver portion of its senior credit facility and cash on hand to fund the purchase of Perisher Ski Resort in New South Wales, Australia, according to a press release.

The total cash consideration for the acquisition is A$176.6 million (about $136 million).

Vail Resorts is based in Broomfield, Colo., and operates mountain resorts through its subsidiaries.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.