---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-100314"
form_type: "8-K"
ticker: "PRKS"
cik: "0001564902"
company_name: "United Parks & Resorts Inc."
filed_at: "2024-08-26T23:59:59+00:00"
generated_at: "2026-05-31T07:38:26.227629+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# United Parks increases revolving credit facility to $700M, extends maturity to 2029

## Summary
- Revolving credit facility increased from $390M to $700M; maturity extended to August 23, 2029 (or earlier if Term Loan condition met).
- Borrowings at ABR (floor 1.00%) + 1.25% or SOFR (floor 0.00%) + 2.25%; applicable margin subject to 25 bps step-down on credit rating.
- Commitment fee of 0.20% per annum on unutilized commitments under the revolver.
- Amendment entered into on August 23, 2024, with lenders and JPMorgan Chase as administrative agent.

## SEC filing metadata
- accession: 0000950170-24-100314
- form_type: 8-K
- ticker: PRKS
- cik: 0001564902
- company_name: United Parks & Resorts Inc.
- filed_at: 2024-08-26T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1564902/000095017024100314/0000950170-24-100314-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1564902/000095017024100314/prks-20240823.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-100314
- JSON: https://secwatch.observer/filing/0000950170-24-100314.json
- Plain text: https://secwatch.observer/filing/0000950170-24-100314.txt

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