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Universal Orlando announces $450 million offer of fixed- and floating-rate notes
St. Louis, Nov. 19 - Universal City Florida Holding Co. I and Universal City Florida Holding Co. II announced in a Friday press release that they plan to offer $450 million of bonds in tranches of fixed-rate notes due 2011 and floating-rate notes due 2010.
Proceeds from the Rule 144A offering will be distributed to NBC Universal and Blackstone entities that each own indirectly 50% of the two partnerships.
No further bond structure, syndicate names or timing were disclosed in the release.
The prospective issuers are partnerships of Orlando, Fla. theme park owner operator Universal City Development Partners, Ltd.
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