Parq Vancouver Misses Debt Payment as Casino Seeks to Refinance

 · Parq Vancouver Misses Debt Payment as Casino Seeks to Refinance Photographer: Darryl Dyck/Bloomberg 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.

And finally, the Parq Casino in Vancouver remains on. park includes two tranches of high yield debt totaling $415 million. However we believe that once the casino is operational that we will be.

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Parq Vancouver misses debt payment as casino seeks to refinance Business has been slower than expected at Parq Vancouver — whose late 2017 opening coincided with a crackdown on money laundering.

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The Associated Press created this story using technology provided by HERO Sports, and data from Sportradar. Parq Vancouver misses debt payment as casino seeks to refinance Fisheries audit Prince.

Parq Vancouver misses debt payment as casino seeks to refinance Fisheries audit Prince Rupert fish processor after reports of illegal fish.

 · Parq wasn’t able to make the payment on time and, after a 30-day grace period that just expired, has still not made good on the loan’s payments. The company took on the debt when it tried to refinance the venue in order to develop one of the largest private venues in British Columbia.

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12 · 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.

Using debt requires us to pay interest and principal, referred to as “debt service,” all of which decrease the amount of cash available for distribution to our stockholders or other purposes. We may also be unable to refinance the debt at maturity on favorable or equivalent terms, if at all, exposing us to the potential risk of loss with.

The Parq Vancouver, a luxury casino complex that opened to fanfare in 2017, is seeking to refinance its debt amid increasing financial pressure and missed debt payments. Andrew Hood, an equity.