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A Model New All-inclusive Luxury Resort Is Opening On A Hundred Acres Within The Catskills And We Received A Sneak Peek
For the first quarter of 2021, the Company expects adjusted EBITDA to range from $95 million to $110 million. Net Debt — As of December 31, 2020, the Company’s leverage ratio for covenant purposes was 5.4x, well throughout the 7.5x amended covenant. The Company had $4.2 billion of corporate debt excellent as of December 31, 2020, which excluded $2.2 billion of non-recourse debt related Travel & Leasuire News to its securitized notes receivable. The Company’s next long-term debt maturity is $250 million of secured notes due March 2021. At the end of the fourth quarter, the Company had $1.6 billion…