secwatch.observer — SEC 8-K summary
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Issuer:     United Parks & Resorts Inc. (PRKS)
CIK:        0001564902
Form:       8-K
Filed at:   2024-08-26T23:59:59+00:00
Accession:  0000950170-24-100314
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1564902/000095017024100314/0000950170-24-100314-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1564902/000095017024100314/prks-20240823.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-100314

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