Intrawest refinances debt and completes new loan

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— Steamboat Ski and Resort Corp. parent company Intrawest announced Tuesday that it “has successfully completed the refinancing of its corporate debt, which was due in December 2009,” according to a news release.

“The company repaid its prior lenders in full and has completed a new loan, which is scheduled to mature in 2014. Terms of the new loan were not disclosed,” the release stated.

Intrawest operates Winter Park ski area for Denver. The Vancouver, British Columbia-based company also owns Whistler Blackcomb in British Columbia, the site of many 2010 Winter Olympic Games events.

In February, Intrawest sold its interests in Sandestin Golf and Beach Resort in Flor­ida. The purchaser was identified as the Becnel family of Destin, Fla. The company has sold several other resort holdings this year, including Pana­roma Mountain Resort in western British Columbia and The Village at Squaw Valley, Calif.

Intrawest also sold Copper Mountain ski resort to Powdr Corp., of Utah, late last year and sold two of its French resorts.

Comments

Neil O'Keeffe 3 years, 11 months ago

Is Steamboat next on the list of sales? Lest's hope that if they do remain the owners of the ski area they begin to back up the talk and walk the walk with regard to investing the capital needed to build bike trails and contribute to creating the summer biking destination we would all like to see come to fruition.

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Clearsky 3 years, 11 months ago

Intrawest has improved the ski area and I wish them good luck in the future. We could do without the shakedowns on the certain days though. People want to vacation and not be treated like potential criminals. Having searches! really!?!

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1999 3 years, 11 months ago

a drunk or drugged out skier is NOT a RIGHT!!!!

those #$@*& can kill and HAVE seriously maimed people.

come on....do people really need to be $#%^&^ ed up on certain days???

If people were not so irresponsible the shakedown would not be necessary.

I'm all for it!

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1999 3 years, 11 months ago

I'm more concerned about Ski Corp CONTINUING to sell alcohol on top of the ski area.

I guess $$$$$$$$$$$ is far more important than peoples lives.

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