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COMPANY TOWN ANNEX

From Times Staff and Wire Reports

Euro Disney Says Restructuring Is Complete: The operator of the theme park outside Paris said it finished the financial restructuring by paying off part of its mammoth debt from the proceeds of a recent capital increase. The $1.09-billion payment was the hinge for a complex restructuring package mapped out between Euro Disney, parent Walt Disney Co. and bankers. The park also announced the departure of its finance director, Michael Montgomery. A company source said Montgomery, much respected among industry analysts for his handling of the restructuring, had wished to resign to “pursue other opportunities.”


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