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SeaWorld Entertainment, Inc. Announces Closing of Senior Notes due 2029 and First Lien Term Loan and Revolving Credit Facility

ORLANDO, Fla., Aug. 25, 2021 /PRNewswire/ -- SeaWorld Entertainment, Inc. (NYSE: SEAS) (the "Company"), a leading theme park and entertainment company, today announced that SeaWorld Parks & Entertainment, Inc. (the "Issuer"), a direct wholly-owned subsidiary of the Company, has closed (i) its private offering of $725.0 million aggregate principal amount of 5.250% senior notes due 2029 (the "Notes") (ii) $1.2 billion in term loans (the "New Term Loans") and (iii) $385.0 million in revolving commitments from its revolving lenders.The Company used the proceeds from the New Term Loans and the issuance of the Notes, together with cash on hand, to redeem $450.0 million aggregate principal amount of the Issuer's outstanding 9.500% Second-Priority Senior Secured Notes due 2025, to refinance the Issuer's existing term loan facility and its existing revolving credit facility, and to pay related expenses of the offering and refinancing.The notes were offered only to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and outside the United States, only to non-U.S. investors pursuant to Regulation S. The offer and sale of the notes will not be registered under the Securities Act or any state securities laws and the notes may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state laws.This press release does not constitute an offer to sell or a solicitation of an offer to buy the notes or any other securities and shall not constitute an offer, solicitation or sale in any jurisdiction in which such an offer, solicitation or sale would be unlawful. About SeaWorld Entertainment, Inc.
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