debt
confidence high
sentiment neutral
materiality 0.60
Vail Resorts prices $600M of 6.500% senior notes due 2032; proceeds to redeem 6.250% notes due 2025
VAIL RESORTS INC
- $600M aggregate principal, 6.500% coupon, due 2032, priced at par.
- Offering expected to close on May 8, 2024, subject to customary conditions.
- Net proceeds to redeem all $600M of outstanding 6.250% Senior Notes due 2025 at 100% of principal.
- Notes are unsecured senior obligations; guaranteed by certain domestic subsidiaries.