Walt Disney helps Euro Disney refinance its debt

PARIS Tue Sep 18, 2012 12:32pm EDT

A portion of the signage at the main gate of The Walt Disney Co. is pictured in Burbank, California May 7, 2012. REUTERS/Fred Prouser

A portion of the signage at the main gate of The Walt Disney Co. is pictured in Burbank, California May 7, 2012.

Credit: Reuters/Fred Prouser

PARIS (Reuters) - French theme park operator Euro Disney (EDLP.PA) said on Tuesday that parent Walt Disney Company (DIS.N) and two of its French units had agreed to extend l.332 billion euros in loans to help refinance its debt.

"This refinancing will help us reduce the cost of our debt and benefit from a greater flexibility for investments and operational management," Philippe Gas, Chairman of Euro Disney said in a statement.

(Reporting by Dominique Vidalon; Editing by Elena Berton)

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