---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-002962"
form_type: "8-K"
ticker: "PRSU"
cik: "0000884219"
company_name: "Pursuit Attractions & Hospitality, Inc."
filed_at: "2025-01-07T23:59:59+00:00"
generated_at: "2026-05-28T09:37:10.165153+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Pursuit completes sale of GES business for $535M; enters new $200M revolver

## Summary
- Sold GES to TL Voltron Purchaser for $535M total consideration ($510M base + $25M deferred payable one year post-close).
- Terminated/repaid ~$393M prior credit agreement; entered $200M revolver due Jan 2030.
- GES classified as discontinued operation; pro forma continuing ops revenue $320.7M for 9M ended Sep 2024.
- Net cash proceeds ~$92M from sale; deferred purchase price $25M recorded as other current asset.

## SEC filing metadata
- accession: 0000950170-25-002962
- form_type: 8-K
- ticker: PRSU
- cik: 0000884219
- company_name: Pursuit Attractions & Hospitality, Inc.
- filed_at: 2025-01-07T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 1.02, 2.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/884219/000095017025002962/0000950170-25-002962-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/884219/000095017025002962/prsu-20241231.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-002962
- JSON: https://secwatch.observer/filing/0000950170-25-002962.json
- Plain text: https://secwatch.observer/filing/0000950170-25-002962.txt

## Key facts
- M&A Transactions
  Pursuit Attractions & Hospitality, Inc. completed a disposition involving TL Voltron Purchaser, LLC for $535 million, consisting of a base purchase price of $510 million, subject to customary adjustments for cash, indebtedness, working capital and transaction expe (closed 2024-12-31).
  - Action: disposition
  - Counterparty: TL Voltron Purchaser, LLC
  - Consideration: $535 million, consisting of a base purchase price of $510 million, subject to customary adjustments for cash, indebtedness, working capital and transaction expe
  - Closing: 2024-12-31
  source text: On December 31, 2024 (the “Closing Date”), the Company completed the previously announced sale of its GES business (“GES”) to TL Voltron Purchaser, LLC, a Delaware limited liability company (“Buyer”), pursuant to the Equity Purchase Agreement (the “Purchase Agreement”), dated as of October 20, 2024 (such transaction, the “Transaction”). Pursuant to the Purchase Agreement, Buyer acquired GES for aggregate consideration of $535 million, consisting of a base purchase price of $510 million, subject to customary adjustments for cash, indebtedness, working capital and transaction expenses, each as set forth in the Purchase Agreement, and a deferred purchase price of $25 million payable by Buyer to the Company one year after the Closing Date.
  evidence_url: https://www.sec.gov/Archives/edgar/data/884219/000095017025002962/0000950170-25-002962-index.htm

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