Universal Studios in largest Japanese project financing

Author: | Published: 1 Jan 2000

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...