{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-24-052303","form_type":"8-K","ticker":"PRKS","cik":"0001564902","company_name":"United Parks & Resorts Inc.","filed_at":"2024-05-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:18.993274+00:00","generated_at":"2026-06-03T00:28:03.248315+00:00","sec_items":["1.01","2.03","8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"United Parks & Resorts issues $380M term loan, redeems $227.5M 2025 secured notes","bullets":["Incurred $380M Incremental Term B-2 Loans under credit agreement; total Term B-2 Loans outstanding now $1,550M.","Proceeds used to redeem all $227.5M of 8.750% Senior Secured Notes due 2025 plus accrued interest.","New term loans have same covenants as existing Term B-2 Loans, mature August 25, 2028, with quarterly amortization.","Redemption completed on May 2, 2024; notes fully redeemed at 100% of principal plus accrued interest."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-24-052303","json":"https://secwatch.observer/filing/0000950170-24-052303.json","markdown":"https://secwatch.observer/filing/0000950170-24-052303.md","text":"https://secwatch.observer/filing/0000950170-24-052303.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1564902/000095017024052303/0000950170-24-052303-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1564902/000095017024052303/prks-20240502.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T00:28:03.248315+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"eb3af93e91bf7c7ee079523960db1758619c7c48","claim":"United Parks & Resorts Inc. incurred term loan of $380 million with JPMorgan Chase Bank, N.A., as administrative agent maturing August 25, 2028.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1564902/000095017024052303/0000950170-24-052303-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$380 million"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A., as administrative agent"},{"label":"Maturity","value":"August 25, 2028"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"d19fcc497cf5a2b7a4c7e3af4bef885a8eab6f93","claim":"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).","evidence_excerpt":"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”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1564902/000095017024052303/0000950170-24-052303-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent"},{"label":"Value","value":"$380 million"},{"label":"Effective","value":"2024-05-02"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}