SAM Magazine-Vancouver, B.C., Feb. 18, 2010-The lenders who have threatened to auction Intrawest’s debt have postponed any such action for a week, according to Reuters. The auction, originally set for Feb. 19, has been rescheduled on Feb. 26. Intrawest and its parent company, Fortress Investment Group, have been negotiating with creditors for months to refinance the $1.7 billion debt Fortress amassed in acquiring Intrawest in 2006.
Intrawest Debt Auction Delayed for a Week
SAM Magazine-Vancouver, B.C., Feb. 18, 2010-The lenders who have threatened to auction Intrawest’s debt have postponed any such action for a week, according to Reuters. The auction, originally set for Feb. 19, has been rescheduled on Feb. 26. Intrawest and…
