Dark Clouds Over Universal Orlando
Wednesday, April 8th, 2009
What happens if you might be forced to pay a $1.5 billion debt one year from now but only have $98 million in cash on hand? It’s a question that needs to be answered for Universal Orlando!
The two main problems are trying to refinance during these dark times of recession and the domino effect that will take place if a first dept of $950 million cannot be paid by April 1, 2010 deadline. If Universal cannot pay the $950 million all other dept will come up for immediate payment and the company would need to pay another $500 million straight away. This second number is covered by Universal Studios assets, including all of its property.








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