VAIL RESORTS INC (MTN): debt financing — Vail Resorts issues $600M of 6.500% Senior Notes due 2032

VAIL RESORTS INC

$600M principal, 6.500% interest, matures May 15, 2032; priced at 100% of par.
Interest payable semi-annually on May 15 and Nov 15, starting Nov 15, 2024.
Notes are senior unsecured; guaranteed by certain domestic subsidiaries.
Make-whole redemption before May 15, 2027; thereafter at specified prices.
Change of control repurchase at 101% of principal; asset sale covenants apply.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

VAIL RESORTS INC incurred senior notes of $600 million with U.S. Bank Trust Company, National Association at 6.500% per annum maturing May 15, 2032.

Instrument: senior notes
Principal: $600 million
Counterparty: U.S. Bank Trust Company, National Association
Rate: 6.500% per annum
Maturity: May 15, 2032
Event: incurrence

Exact text from the filing

On May 8, 2024, Vail Resorts, Inc. (the “Company”) completed an offering of $600 million in aggregate principal amount of its 6.500% Senior Notes due 2032

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

VAIL RESORTS INC entered into Indenture with U.S. Bank Trust Company, National Association, as Trustee valued at $600 million (effective 2024-05-08).

Action: entry
Agreement: notes offering
Counterparty: U.S. Bank Trust Company, National Association, as Trustee
Value: $600 million
Effective: 2024-05-08

Exact text from the filing

The Notes were issued under an Indenture dated as of May 8, 2024 (the “Indenture”) among the Company, the Guarantors and U.S. Bank Trust Company, National Association, as Trustee.

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311 debt financings filed in the last 30 days. Browse all debt financings →

VAIL RESORTS INC filing history →

Source: SEC EDGAR

accession 0000812011-24-000050

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