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8-K filed May 2, 2024, 7:59 PM ET ticker PRKS CIK 0001564902
debt confidence high sentiment neutral materiality 0.65

United Parks & Resorts Inc. (PRKS): debt financing — United Parks & Resorts issues $380M term loan, redeems $227.5M 2025 secured notes

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 $380 million with JPMorgan Chase Bank, N.A., as administrative agent maturing August 25, 2028.

Instrument
term loan
Principal
$380 million
Counterparty
JPMorgan Chase Bank, N.A., as administrative agent
Maturity
August 25, 2028
Event
incurrence
Exact text from the filing
JPMorgan Chase Bank, N.A., as administrative agent (the “Credit Agreement”). After giving effect to the Amendment, including the incurrence of an aggregate principal amount of $380 million of Incremental Term B-2 Loans under the Credit Agreement (the “Incremental Term B-2 Loans”) to finance the redemption of the 2025 Secured Notes (as defined below) and for general
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

United Parks & Resorts Inc. amended Amendment with the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent valued at $380 million (effective 2024-05-02).

Action
amendment
Agreement
credit facility
Counterparty
the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent
Value
$380 million
Effective
2024-05-02
Exact text from the filing
On May 2, 2024, United Parks & Resorts Inc. (the “Company”) entered into a fungible incremental term loan facility (the “Amendment”) under that certain Amended and Restated Credit Agreement, dated as of August 25, 2021 (and as amended on June 9, 2022, June 12, 2023 and January 22, 2024), among the Company, SeaWorld Parks & Entertainment, Inc., the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent (the “Credit Agreement”).
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312 debt financings filed in the last 30 days. Browse all debt financings →

United Parks & Resorts Inc. filing history →

Source: SEC EDGAR
accession 0000950170-24-052303
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