The financing is to support the building of a new theme park
on the waterfront area of Osaka on behalf of Universal Studios
Japan Co (USJC). The park is to open in April 2001 and will be
similar to the Universal Studios theme parks in Florida and
California. The transaction is valued at ¥125 billion ($1.2
billion) and is financed through syndicated loans.
The deal is unusual because limited recourse financing for
such projects is virtually unknown...