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Parq Vancouver Misses Debt Payment as Casino Seeks to Refinance

The financially burdened parq vancouver casino resort in Canada's. a new equity partner, along well as refinancing of it debts.. “private canadian group that wants to remain private,” while adding. The agency cut its rating on Parq Vancouver after the company missed a payment on a second-lien loan.

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The Parq Vancouver, a luxury casino complex that opened to fanfare in 2017, is seeking to refinance its debt amid increasing financial pressure and missed debt payments. Andrew Hood, an equity research analyst at M Partners Inc., said since becoming operational, the complex brought in $170 million in revenue, incurred $152 million in expenses, for about $18 million of operating income.

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The Parq Vancouver, a luxury casino complex that opened to fanfare in 2017, is seeking to refinance its debt amid increasing financial pressure and missed debt payments.

Parq Vancouver Misses Debt Payment as Casino Seeks to Refinance. Bloomberg – Paula Sambo, Natalie Obiko Pearson. luxury casino parq vancouver’s parent company missed an interest payment on a second-lien loan as it struggles to refinance debt taken on to build.

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The Parq Vancouver, a luxury casino complex that opened to fanfare in 2017, is seeking to refinance its debt amid increasing financial pressure and missed debt payments. Andrew Hood, an equity research analyst at M Partners Inc., said since becoming operational, the complex brought in $170 million in revenue, incurred $152 million in expenses, for about $18 million of operating income.

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 · These specialized loans are short-term and usually paid interest-only during the loan term which is typically a year at maximum. Parq Vancouver Misses Debt Payment as Casino Seeks to Refinance – Luxury casino parq vancouver’ s parent company missed an interest payment on a second-lien loan as it struggles to refinance debt taken on to build one. to close a new equity and finance.

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