Parq Vancouver has successfully completed the refinancing of its capital structure. This transaction includes the refinancing of the first-lien and second-lien loans with a fixed rate, long-term financing structure, thereby significantly reducing the interest payments and covenant requirements.
“We are pleased with the execution of the refinancing and look forward to building on the success of Parq Vancouver and continuing to provide world-class service to our customers,” said Joe Brunini, President and CEO of Parq Vancouver.
About Parq Vancouver
A new international entertainment destination, located in downtown Vancouver, next to the BC Place Stadium, Parq Vancouver features two luxury hotels which include a JW Marriott and the DOUGLAS, an Autograph Collection Hotel. Both hotels provide guests access to Parq Vancouver’s wide range of amenities, including downtown’s only casino, eight diverse restaurants and lounges, a 30,000 square foot park with native trees located 6 floors above street level, a world class spa, a modern fitness studio and more. Parq Vancouver also includes over 60,000 square feet of well-appointed, flexible meeting and event space, featuring Vancouver’s largest hotel ballroom.
SOURCE Parq Vancouver