SeaWorld Parks & Entertainment Completes Refinancing
February 11, 2011
Cahill represented the bookrunners in connection with an amendment to the Credit Facility for SeaWorld Parks & Entertainment consisting of the addition of a new $150,000,000 Term A Loan, the replacement of the current term loan with a new $900,000,000 Term B Loan bearing interest at a lower rate and the upsizing and maturity extension of the $157,500,000 Revolving Credit Facility. According to Moody's, the refinancing will help save SeaWorld $14 million a year in interest payments.