Intrawest Corporation announces redemption of Senior Notes
December 30 2004 - 5:52PM
PR Newswire (US)
Intrawest Corporation announces redemption of Senior Notes All
dollar amounts are in U.S. currency VANCOUVER, Dec. 30
/PRNewswire-FirstCall/ -- Intrawest Corporation today announced
that it has elected to redeem all of its outstanding 10.50% Senior
Notes due February 1, 2010 (the "2010 Notes") in accordance with
the terms of the indentures governing the 2010 Notes. The 2010
Notes will be redeemed on February 1, 2005 (the "Redemption Date")
at a redemption price of $1,052.50 per $1,000 principal amount of
2010 Notes, plus all interest accrued thereon up to but excluding
the Redemption Date. The 2010 Notes will cease to bear interest
from and after the Redemption Date. There is $34,279,000 aggregate
principal amount of 2010 Notes currently outstanding. Intrawest
Corporation (IDR:NYSE; ITW:TSX) is one of the world's leading
destination resort and adventure travel companies. Intrawest has
interests in 10 mountain resorts in North America's most popular
mountain destinations, including Whistler Blackcomb, a host venue
for the 2010 Winter Olympic and Paralympic Games. The company owns
Canadian Mountain Holidays, the largest heli-skiing operation in
the world, and a 67% interest in Abercrombie & Kent, the world
leader in luxury adventure travel. The Intrawest network also
includes Sandestin Golf and Beach Resort in Florida and Club
Intrawest - a private resort club with nine locations throughout
North America. Intrawest is developing five additional resort
village developments at locations in North America and Europe.
Intrawest is headquartered in Vancouver, British Columbia. For more
information, visit http://www.intrawest.com/. Statements contained
in this release that are not historical facts are forward-looking
statements that involve risks and uncertainties. Intrawest's actual
results could differ materially from those expressed or implied by
such forward-looking statements. Factors that could cause or
contribute to such differences include, but are not limited to,
Intrawest's ability to implement its business strategies,
seasonality, weather conditions, competition, general economic
conditions, currency fluctuations and other risks detailed in the
company's filings with the Canadian securities regulatory
authorities and the U.S. Securities and Exchange Commission. For
additional information, please contact Mr. John Currie, chief
financial officer, (604) 669-9777; or Mr. Tim McNulty, director,
investor relations, (604) 623-6620, If you would like to receive
future news releases by email, please contact DATASOURCE: Intrawest
Corporation CONTACT: Mr. John Currie, chief financial officer,
(604) 669-9777; or Mr. Tim McNulty, director, investor relations,
(604) 623-6620, ; To request a free copy of this organization's
annual report, please go to http://www.newswire.ca/ and click on
reports@cnw.
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