Whistler Blackcomb calls 8¾% notes with C$126 million loan proceeds

By Susanna Moon

Chicago, Nov. 13 - Whistler Blackcomb Holdings Inc. said it used C$126 million of new loan proceeds to call 8¾% second-lien senior notes.

The company will incur a call premium of about C$5.5 million in connection with the prepayment of the second-lien notes, which was funded from cash on hand, according to a company press release.

The company obtained a C$300 million five-year senior secured revolving credit facility, with proceeds of C$135 million used to repay the partnerships' senior secured term facility.

The company is a Whistler, B.C.-based company that owns a 75% interest in each of Whistler Mountain Resort LP and Blackcomb Skiing Enterprises LP.

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