debt
confidence high
sentiment neutral
materiality 0.50
Vail Resorts issues $500M 5.625% Senior Notes due 2030
VAIL RESORTS INC
- Issued $500M aggregate principal of 5.625% Senior Notes due 2030, priced at 100% of par.
- Notes mature July 15, 2030; interest payable semi-annually on Jan 15 and Jul 15 starting Jan 15, 2026.
- Redeemable after July 15, 2027 at specified redemption prices; prior to that, make-whole premium applies.
- Up to 40% of notes may be redeemed with net equity proceeds before July 15, 2027 at 105.625% of principal.
- Notes are senior unsecured obligations guaranteed by certain domestic subsidiaries; change-of-control put at 101%.
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