Prince Alwaleed bin Talal plans to subscribe to the $445 million rights issue unveiled last week by Euro Disney. His Kingdom Holdings owns 10% of Euro Disney. The Walt Disney Company owns 39.8%. A Euro Disney spokesperson said, "I would like to confirm that Kingdom is planning to subscribe to the Euro Disney rights issue."
Disney is setting up a refinancing issue to eliminate debt owed to The Walt Disney Company in exchange for equity, while injecting cash into Disneyland Paris's operation which had attendance fall last year.