---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-040353"
form_type: "8-K"
ticker: "PRKS"
cik: "0001564902"
company_name: "United Parks & Resorts Inc."
filed_at: "2024-04-02T23:59:59+00:00"
generated_at: "2026-06-04T03:33:23.673982+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# United Parks & Resorts launches $230M term loan to redeem $227.5M of 8.75% Senior Secured Notes due 2025

## Summary
- Company launched a $230M fungible incremental term loan facility to finance redemption of 2025 Secured Notes; amendment subject to market conditions.
- SeaWorld Parks & Entertainment issued conditional redemption notice for $227.5M of 8.75% First-Priority Senior Secured Notes due 2025.
- Redemption set for May 2, 2024 at 100% of principal plus accrued interest, conditional on completion of financing.
- Refinancing replaces high-coupon 8.75% debt, likely reducing annual interest expense.

## SEC filing metadata
- accession: 0000950170-24-040353
- form_type: 8-K
- ticker: PRKS
- cik: 0001564902
- company_name: United Parks & Resorts Inc.
- filed_at: 2024-04-02T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1564902/000095017024040353/0000950170-24-040353-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1564902/000095017024040353/prks-20240402.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-040353
- JSON: https://secwatch.observer/filing/0000950170-24-040353.json
- Plain text: https://secwatch.observer/filing/0000950170-24-040353.txt

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