Merlin to fully repay term loans, partially repay revolver via notes

By Sarah Lizee

Olympia, Wash., April 30 – Merlin Entertainments plc plans to prepay all amounts outstanding under its existing term facilities and partially repay amounts drawn under its revolving credit facility using proceeds from a new offering, according to a company announcement.

The company said on Monday that it intends to offer $400 million of senior notes due 2026.

The term facilities consist of the $311 million and £43 million term facilities made available under its senior facilities agreement.

Proceeds will also be used to pay costs, fees and expenses related to the offering.

Merlin is an operator of location-based visitor attractions and is based in Poole, England.

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