Village Roadshow Theme Parks Hires ANZ for $275 Million of Loans
Bloomberg news agency has reported that Village Themepark Management Ltd., the unit of Village Roadshow Ltd. that owns and manages their Gold Coast theme parks has hired the Australia & New Zealand Banking Group Ltd. to help it organise $275 million of loans.
According to an e-mailed statement from the bank, Village has sought a $250 million term facility to mature in four years and a second $25 million revolving facility with a similar maturity.
Both will be secured by property assets, and proceeds will be used to refinance debt and for general corporate purposes, the statement said.
ANZ is inviting expressions of interest from other lenders, the statement said. In a revolving facility, money thatâs been repaid can be borrowed again.
Village's current theme parks include Warner Bros. Movie World, Sea World, Wet'n'Wild Water World and the Australian Outback Spectacular.
Image: Warner Bros. Movie World.
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