secwatch.observer — SEC 8-K summary
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Issuer:     Pursuit Attractions & Hospitality, Inc. (PRSU)
CIK:        0000884219
Form:       8-K
Filed at:   2023-10-11T23:59:59+00:00
Accession:  0001193125-23-254138
Event type: debt
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Viad boosts revolver by $70M, uses proceeds to prepay higher-cost Term Loan B
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- Revolving commitments increased by $70M to $170M total; $10M CAD swing line added.
- Brewster Inc. added as co-borrower; Brewster Travel Canada added as guarantor.
- Proceeds plus balance-sheet cash used to prepay $70M of Term Loan B (5.00% SOFR spread).
- New revolver spread is 3.00% (based on 2.91 net leverage ratio), lowering interest cost.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/884219/000119312523254138/0001193125-23-254138-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/884219/000119312523254138/d519270d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-254138

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