secwatch.observer — SEC 8-K summary
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Issuer:     Pursuit Attractions & Hospitality, Inc. (PRSU)
CIK:        0000884219
Form:       8-K
Filed at:   2025-01-07T23:59:59+00:00
Accession:  0000950170-25-002962
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01, 1.02, 2.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/884219/000095017025002962/0000950170-25-002962-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/884219/000095017025002962/prsu-20241231.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-002962

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer