Intrawest completes new loan and fully repays prior lenders

VANCOUVER, April 27 /CNW/ - Intrawest, a leader in the development and management of experiential destination resorts, today announced that it has successfully completed the refinancing of its corporate debt which was due in December 2009. The Company repaid its prior lenders in full and has completed a new loan, which is scheduled to mature in 2014. Terms of the new loan were not disclosed.

About Intrawest

Intrawest is a leader in the development and management of experiential destination resorts. The Company has a network of resorts at North America's most popular mountain destinations including Whistler Blackcomb, a host venue for the 2010 Olympic and Paralympic Winter Games and Canadian Mountain Holidays, the largest heli-skiing operation in the world. Intrawest is headquartered in Vancouver, British Columbia. For more information, visit www.intrawest.com

For further information: Ian Galbraith, Director of Corporate Communications, Intrawest ULC, Tel: [phone], [email protected]