Theme parks: Euro Disney’s debt restructuring is...

Theme parks: Euro Disney’s debt restructuring is taking longer than planned, with 61 creditor banks now agreeing to suspend interest payments on the theme park operator’s $2.76-billion debt until July as a deal is worked out. Bankers and Euro Disney executives say the deal could be finished in a few weeks and will include an 18-month waiver of interest payments. Previously, the target date for refinancing was April 15. Under a draft accord announced in March, Burbank-based Walt Disney Co., which owns 49% of Euro Disney, will participate in the refinancing with the banks. The park near Paris has been losing money due to factors such as the soft European economy, plunging real estate prices and the strength of the French franc relative to other European currencies.