Part owner of the Blue Mountain Resort is out of financial trouble for now.
Intrawest, which owns half of the ski resort, has reportedly repaid all of its outstanding debt and taken out a new loan.
There are reports the new loan is for about 1.2 billion dollars.
The companys assets were taken off the auction block in March after a deal was reached with creditors to restructure its debt.
The financial trouble started when Intrawest parent company Fortress missed payments in December on a 1.4 billion dollar US loan.