secwatch / observer
8-K filed January 26, 2024, 6:59 PM ET ticker PRKS CIK 0001564902
debt confidence high sentiment neutral materiality 0.55

United Parks & Resorts Inc. (PRKS): debt financing — SeaWorld refinances $1.173B term loans to new Term B-2 loans due 2028

United Parks & Resorts Inc.

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

United Parks & Resorts Inc. incurred term loan of aggregate principal amount of approximately $1.173 million with JPMorgan Chase Bank, N.A., as administrative agent and collateral agent at (i) ABR (provided that in no event shall such ABR rate with respect to the New T maturing August 25, 2028.

Instrument
term loan
Principal
aggregate principal amount of approximately $1.173 million
Counterparty
JPMorgan Chase Bank, N.A., as administrative agent and collateral agent
Rate
(i) ABR (provided that in no event shall such ABR rate with respect to the New T
Maturity
August 25, 2028
Event
incurrence
Exact text from the filing
Chase Bank, N.A., as administrative agent and collateral agent. After giving effect to the Amendment, including the incurrence of an aggregate principal amount of approximately $1.173 million of Term B-2 Loans under the Credit Agreement (the “New Term Loans”) to refinance the existing Term B Loans under the Credit Agreement (the “Term B Loans”), the New Term Loans
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

United Parks & Resorts Inc. amended Amendment with JPMorgan Chase Bank, N.A., as administrative agent and collateral agent valued at approximately $1.173 million (effective 2024-01-22).

Action
amendment
Agreement
credit facility
Counterparty
JPMorgan Chase Bank, N.A., as administrative agent and collateral agent
Value
approximately $1.173 million
Effective
2024-01-22
Exact text from the filing
On January 22, 2024, SeaWorld Parks & Entertainment, Inc. entered into an amendment (the “Amendment”) for its existing first lien term loan facility under that certain Amended and Restated Credit Agreement, dated as of August 25, 2021 (and as amended on June 9, 2022 and June 12, 2023), among SeaWorld Entertainment, Inc. (the “Company”), SeaWorld Parks & Entertainment, Inc., the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent and collateral agent.
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United Parks & Resorts Inc. filing history →

Source: SEC EDGAR
accession 0000950170-24-007939
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