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Whistler Olympic Ski Resort to Sell Shares in Canadian IPO

Oct. 12 (Bloomberg) -- Whistler Blackcomb Holdings Inc., owner of the Canadian ski resort that hosted the 2010 Winter Olympics, plans to sell stock in an initial public offering.

The company will use the proceeds to repay debt owed to Intrawest ULC, the selling shareholder, according to an Oct. 8 filing with Canadian regulators.

Whistler Blackcomb plans to list shares on the Toronto Stock Exchange after the sale, which is being led by CIBC World Markets, RBC Dominion Securities and eight other investment banks. Terms of the sale weren’t disclosed in the filing.

Intrawest is a unit of New York-based Fortress Investment Group LLC, the buyout and hedge-fund firm run by Daniel Mudd.

To contact the reporter on this story: Doug Alexander in Toronto at dalexander3@bloomberg.net

To contact the editors responsible for this story: David Scanlan at dscanlan@bloomberg.net; or David Scheer at dscheer@bloomberg.net.

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