Oriental Land set up a loan frame for 100 million yen at Disney’s holiday

Oriental Land 200 billion yen loan frame set at Disney holidays May 22 at 22:01

Oriental Land, which operates Tokyo Disneyland, which is closed temporarily, has set up a loan framework of 200 billion yen with the bank to secure a generous amount of money on hand.

Tokyo Disneyland and Tokyo Disneysea have been temporarily closed since the end of February due to the spread of the infection.

In accordance with this, approximately 10,000 part-time workers who have no work are offered a leave of absence, and from this month, we have been taking a temporary leave of absence to pay a portion of our wages as a monthly holiday for our employees.

Oriental Land, which operates two theme parks, signed a contract this month by requesting mizuho Bank, a bank with a loan of 200 billion yen, to set up a loan framework of 200 billion yen amid a sharp deterioration in the business environment.

According to the company, there are approximately 100 million yen in cash and deposits at the end of the month, and there is no problem with the funds at hand, but the aim is to secure more funds in preparation for a prolonged impact.