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"One possible factor in the negotiations: an $800 million loan that Park County took in 2023 from private equity firm the Carlyle Group. Parker and Stone could
by paleotrope 1y ago
"One possible factor in the negotiations: an $800 million loan that Park County took in 2023 from private equity firm the Carlyle Group. Parker and Stone could be squeezed for cash to repay roughly $80 million in interest per year, according to one person knowledgeable of the arrangement, who noted that Paramount may be open to paying more than $150 million annually in a new deal but not for 10 years."
That's quite the loan.
- paleotrope 1y agoApparently they needed to refinance a 600 million loan from 2021. "The loan would be made through Carlyle’s credit arm and would refinance an existing $600 million debt facility provided by HPS Investment Partners in 2021, according to the report." What the hell have they been spending it on?
- x3n0ph3n3 1y agoMaybe some of that went towards Casa Bonita?
- paleotrope 1y agoThey said ~40 million. And that seems crazy high for a theme restaurant. I think they just don't know how to manage money.