Shares in Euro Disney climbed nearly 6% on the back of an announcement over an agreement with its creditors.
The current debt of the company is reported by FT.com to be about €2.4 billion. The new deal with shareholders that include Walt Disney and a French state-owned bank, Caisse des Dépôts et Consignations, involves raising new debt and equity.
The deal is subject to the approval of all lenders. Euro Disney has warned that without the restructuring it would be unable to meet its repayments.
Euro Disney is reported to have suffered from a decline in visitor numbers and was put under pressure by the cost of opening of a second park.
In early trading the share price had risen nearly 6% to 0.37 euros.
Report by Ginny McGrath
