Universal's April 1 deadline
With only 6 months to resolve it's $950 million financial woes, it's uncertain if Universal has broke a deal with it's owners or Movie producer & consultant Steven Spielberg. Restructuring debt of Universal is imperative to continue operations in Orlando.
Continued improvement to the debt market as well as Universal's corporate bonds trading close to $1 dollar has created a ray of hope in the eyes of investors within several months.
Investor concern that Universals corporate bond trading at 30¢ may have changed after Blackstone acquired a 50% stake due to the $2.7 million purchase of Busch Entertainment Corp. with General Electric Co's 50% stake.
In an effort to increase revenues, parking prices at Universal have increasd 17% from twelve to 14 dollars.
Continued improvement to the debt market as well as Universal's corporate bonds trading close to $1 dollar has created a ray of hope in the eyes of investors within several months.
Investor concern that Universals corporate bond trading at 30¢ may have changed after Blackstone acquired a 50% stake due to the $2.7 million purchase of Busch Entertainment Corp. with General Electric Co's 50% stake.
In an effort to increase revenues, parking prices at Universal have increasd 17% from twelve to 14 dollars.
posted by michael at
7:30 AM
