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Whistler Blackcomb - kanadischer Skigebietsbetreiber

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Neuigkeiten zur Whistler Blackcomb Holdings Aktie

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...zahlt derzeit ca. 7% Dividende;

bin über Vitaliy Katsenelson drauf gestossen und habe mir ein paar Stücke geholt
Whistler Blackcomb Holdings Inc. announces refinancing

New $300 million senior secured revolving credit facility will reduce interest costs and increase flexibility
WHISTLER, BC, Nov. 13, 2013 /PRNewswire/ - Whistler Blackcomb Holdings Inc. (TSX: WB) (the "Corporation") announces the closing of the refinancing of the long-term debt of Whistler Mountain Resort Limited Partnership and Blackcomb Skiing Enterprises Limited Partnership (together, the "Partnerships"). The Partnerships have entered into a $300 million five-year senior secured revolving credit facility with a syndicate of nine Canadian and US banks.

"The refinancing positions our organization strongly for the future and reflects the confidence of the lending community in our business", remarked Dave Brownlie, the Corporation's CEO. "We expect a significant reduction in our annual interest expense as a result of the refinancing and the new fully revolving feature will allow us to manage working capital more effectively and provide us with significantly increased flexibility to pursue growth initiatives."

The new credit facility will replace the Corporation's existing $261 million of senior secured term and second lien debt, together with its unused $15 million senior secured revolving credit facility. Refinancing proceeds of $135 million were used to repay the Partnerships' senior secured term facility, and proceeds of $126 million were used to repay the Partnerships' 8.75% second lien senior notes. At closing, the Partnerships had $39 million of availability under the new credit facility. The new credit facility is fully committed and includes additional availability, at the option of the Partnerships, of up to $75 million, provided certain conditions are satisfied.

The Partnerships intend to elect to pay interest on borrowings under the new credit facility by way of one-month bankers' acceptance ("BA") rates, which are subject to a margin of between 1.75% and 3.00% per annum, depending on the Partnerships' leverage ratio (the ratio of principal outstanding to rolling 12-month EBITDA). Based on current leverage, the Partnerships expect to pay a margin of 2.25% over the BA rate (presently 1.22%); however, the margin for the first six months will be a minimum of 2.50% over the BA rate, in accordance with the terms of the new facility. This compares to the Partnership's effective interest rate of 6.7% prior to the refinancing.

The Partnerships will incur a call premium of approximately $5.5 million in connection with the prepayment of the second lien notes, which was funded from the Partnerships' cash on hand, and will be recorded in finance expense in the Corporation's 2014 first quarter consolidated financial statements. The Partnerships will also record in finance expense an approximately $2.9 million write off of unamortized debt issuance costs in the first quarter of 2014.
Whistler Blackcomb Holdings Inc. reports fiscal 2013 fourth quarter and year end results

WHISTLER, BC, Dec. 11, 2013 /PRNewswire/ - Whistler Blackcomb Holdings Inc. (TSX: WB) (the "Corporation") today reported Adjusted EBITDA of $86.4 million, an increase of 1.4% over 2012 Adjusted EBITDA and a record since the Corporation's initial public offering in 2010. Adjusted EBITDA is a non-GAAP measure that is described in more detail below. The Corporation also reported a change in the scheduled filing date of its 2013 audited financial statements and MD&A, as described below. The Corporation holds a 75% interest in the entities that operate Whistler Blackcomb, the largest and most visited mountain resort in North America.

Highlights for the Year Ended September 30, 2013

A 4.8% increase in effective ticket price ("ETP") and a 4.7% increase in revenue per total visit, reflecting the Corporation's pricing power and growth in guest spending in its ancillary businesses.

A slight decline in total visits to 2.58 million from 2.65 million in the prior year, principally due to lower skier visits as a result of the timing of the Easter holiday in 2013, offset in part by a 3.9% increase in other visits in 2013.

Highlights for the Three Months Ended September 30, 2013

A 3.9% increase in revenue per other visit as a result of pricing improvements and stronger sales in most of the Corporation's ancillary businesses, in particular its retail operations.

A 209% increase in Adjusted EBITDA to $0.5 million.

Recently rated # 1 ski resort by Freeskier Magazine and SBC Resort Guide and # 1 landmark in Canada by Trip Advisor.

Highlights Subsequent to September 30, 2013

Refinancing of the Corporation's $261 million of senior secured and second lien debt with a new $300 million five-year senior secured revolving credit facility with a significantly reduced interest rate and increased flexibility.

Completion of construction of the new Harmony 6 Express and Crystal Ridge Express ski lifts, on time and on budget. The Crystal Ridge Express grand opening was on December 7, 2013, and the Harmony 6 Express grand opening is planned for December 14, 2013.

Dave Brownlie, President and Chief Executive Officer of the Corporation commented: "I am pleased with our performance in the 2013 fourth quarter and fiscal year. In particular, the growth in our bike park, hiking and sightseeing businesses in the fourth quarter, combined with record hotel occupancy rates in Whistler in the summer of 2013, demonstrate the potential of our summer business opportunity. Looking ahead, our recent refinancing provides us with significant interest cost savings and the flexibility to invest in our ski and non-ski businesses in the future." Mr. Brownlie continued: "The completion and grand opening of the new Harmony and Crystal lifts, and the early season opening on November 16, position us well for the 2013-14 ski season."
Frankfurter Aktienfonds:

"Einen ca. 6% Dividendentitel haben wir neu ins Depot aufgenommen, die kanadische Whistler Blackcomb Holdings Inc."

Antwort auf Beitrag Nr.: 48.554.765 von R-BgO am 12.12.14 11:04:19
der Link war irgendwie falsch,
aber der Chart sieht wie am Schnürchen gezogen aus...
Whistler wird von Vail übernommen,
schnüff; war ein schöner compounder.

Dafür geht's bald hier Thread: Vail Resorts weiter.
Antwort auf Beitrag Nr.: 53.183.301 von R-BgO am 01.09.16 13:39:04
Vail Resorts and Whistler Blackcomb Complete Strategic Combination

BROOMFIELD, CO and WHISTLER, BC, Oct. 17, 2016 /CNW/ - Vail Resorts, Inc. (NYSE: MTN) ("Vail Resorts") and Whistler Blackcomb Holdings Inc. ("Whistler Blackcomb") today announced the completion of a strategic combination joining Whistler Blackcomb with Vail Resorts by way of plan of arrangement ("the Arrangement"). Under the terms of the transaction, Vail Resorts acquired 100 percent of the stock of Whistler Blackcomb, whose shareholders received C$17.50 in cash and 0.097294 shares of Vail Resorts common stock (or for some holders, securities convertible into common stock) for each Whistler Blackcomb share held. Whistler Blackcomb is now wholly owned by Vail Resorts.

In connection with the completion of the Arrangement, Vail Resorts is also pleased to announce that Michele Romanow, a former member of the Whistler Blackcomb board of directors, has been appointed to the board of directors of Vail Resorts.

Rob Katz, chairman and chief executive officer of Vail Resorts said, "Our mission at Vail Resorts is to deliver an Experience of a Lifetime to our guests and our employees, and this transaction is a significant milestone in making that experience even more special. Whistler Blackcomb is one of the most iconic mountain resorts in the world and we are tremendously excited to welcome the resort and the talented team who work there to the Vail Resorts family. Dave Brownlie and the team at Whistler Blackcomb have built an excellent operation that delivers amazing guest experiences, and we intend to continue to support that work while maintaining the resort's unique brand and Canadian identity. We look forward to working with the Whistler Blackcomb team to ensure the long-term success of the resort and the community."

With the completion of the acquisition, the common shares of Whistler Blackcomb will be de-listed from the Toronto Stock Exchange ("TSX") at the close of trading on Oct. 17, 2016.

Eligible Whistler Blackcomb shareholders who, prior to the election deadline on Oct. 12, 2016, made valid elections to do so, will receive the share portion of the consideration in the form of shares ("Exchangeable Shares") in 1068877 B.C. Ltd. ("Exchangeco"), a Canadian subsidiary of Vail Resorts. Each whole Exchangeable Share is exchangeable into one Vail Resorts common share. Conditional approval for the listing of the Exchangeable Shares on the TSX has been obtained, however, listing remains conditional upon fulfillment of all the requirements of listing, including the distribution of the Exchangeable Shares to a minimum number of public shareholders. Vail Resorts intends to provide notice by means of a news release of whether such requirements have been fulfilled and whether the Exchangeable Shares will be listed on the TSX.

It is expected that Whistler Blackcomb and Exchangeco will amalgamate to form a new company ("Amalco") after the close of trading on October 17, 2016 and that Amalco will thereafter change its name to Whistler Blackcomb Holdings Inc.

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