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Julie Cohen
Director of Marketing and Communications
212.701.3614
jcohen@cahill.com

Cahill Represents Debt Financing Sources in Debt Financings, Consisting of $725 Million Notes Offering, $1.2 Billion Term Credit Facility and $385 Million Revolving Credit Facility for SeaWorld Parks & Entertainment, Inc.

Date: 08/25/21

Cahill represented the initial purchasers in connection with a Rule 144A offering of $725,000,000 aggregate principal amount of 5.250% senior notes due 2029 by SeaWorld Parks & Entertainment, Inc. (the “Issuer”). Cahill also represented the lead arrangers in connection with an amendment and restatement of the Issuer’s existing credit agreement, which included a new $1,200,000,000 term B credit facility and a new $385,000,000 revolving credit facility. Proceeds from the offering, together with cash on hand and borrowings under the new term B credit facility, were used 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 the refinancing. SeaWorld Parks & Entertainment™ is a leading theme park and entertainment company.