Parq Vancouver Misses Debt Payment as Casino Seeks to Refinance

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 · Parq Vancouver is Dundee’s main opportunity for near-term cash flows, although this is dependent on refinancing the project’s prohibitively expensive construction debt. We believe Dundee should capitalize on the strong market for vancouver hotel transactions and sell the two hotels attached to Parq Vancouver, with proceeds applied to reducing borrowings.

Parq Vancouver misses debt payment as casino seeks to refinance fisheries audit prince rupert fish processor after reports of illegal fish.

Parq Vancouver misses debt payment as casino seeks to refinance Luxury casino Parq Vancouver’s parent company missed an interest payment on a second-lien loan as it struggles to refinance debt taken on to build one of the largest-ever private developments in British Columbia.

 · The rate banks pay for three-month dollar loans held near the highest level in about nine months as Europe’s loan plan failed to encourage institutions to lend more to each other. The London interbank offered rate, or Libor, rose to 0.423 percent today from 0.421 percent yesterday, according to data from the British Bankers’ Association.

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 · Luxury casino Parq Vancouver’s parent company missed an interest payment on a second-lien loan as it struggles to refinance debt taken on to build one of the largest-ever private developments in.

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 · Parq Vancouver, one of the most famous integrated casino resorts in British Columbia, Canada, has been struggling with its finances. Earlier last week, it was reported that Parq Holdings LP, the company which owns and operates the Parq Vancouver casino defaulted its debt payments. The company’s attempts to refinance its loans had failed.

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When Parq Vancouver, a glimmering waterfront casino, opened amid much to-do in late. Now Parq’s in a race to refinance debt in order to make an interest payment this week on a second-lien loan,