---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-007939"
form_type: "8-K"
ticker: "PRKS"
cik: "0001564902"
company_name: "United Parks & Resorts Inc."
filed_at: "2024-01-26T23:59:59+00:00"
generated_at: "2026-06-06T16:33:40.700042+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# SeaWorld refinances $1.173B term loans to new Term B-2 loans due 2028

## Summary
- Incurred $1.173B of Term B-2 Loans to refinance existing Term B Loans.
- New loans bear interest at ABR +1.50% (floor 1.50%) or SOFR +2.50% (floor 0.50%).
- Quarterly amortization of 0.25% of original principal; maturity August 25, 2028.
- Amendment executed January 22, 2024, with JPMorgan as administrative agent.

## SEC filing metadata
- accession: 0000950170-24-007939
- form_type: 8-K
- ticker: PRKS
- cik: 0001564902
- company_name: United Parks & Resorts Inc.
- filed_at: 2024-01-26T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1564902/000095017024007939/0000950170-24-007939-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1564902/000095017024007939/seas-20240122.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-007939
- JSON: https://secwatch.observer/filing/0000950170-24-007939.json
- Plain text: https://secwatch.observer/filing/0000950170-24-007939.txt

## Key facts
- Debt Financings
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1564902/000095017024007939/0000950170-24-007939-index.htm
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1564902/000095017024007939/0000950170-24-007939-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.