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Companies

Tokyo Disneyland preps for big quake with $1.3bn credit line

Park secures expanded funding from banks, enabling it to shut down six months

The Tokyo Disneyland operator's expanded credit line comes with an annual fee of 300 million yen.

TOKYO -- The operator of Tokyo Disneyland has expanded by 50% a line of credit intended to tide it over when recovering from earthquakes.

Oriental Land approached lenders last autumn over increasing an existing 100 billion yen credit line. They agreed in February to a 150 billion yen ($1.35 billion) line carrying a 0.2% annual fee of 300 million yen. The charge amounts to 0.3% of operating profit.

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