Intrawest announces $325 million minimum to fund tender for 10½% notes

By Paul A. Harris

St. Louis, Sept. 15 - Intrawest Corp. plans to sell $325 million minimum of senior notes in order to help fund the tender for $394.16 million of its senior notes due Feb. 1, 2010, the company said in a news release Wednesday.

Deutsche Bank Securities is the dealer manager for the tender, which expires on Oct. 13.

No further details on the bonds were disclosed in the news release, and the company did not immediately return a Wednesday telephone call from Prospect News.

Vancouver, B.C.-based Intrawest is a developer and operator of village-centered resorts.

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