SeaWorld withdraws notice to redeem $228 million notes due 2025

By Wendy Van Sickle

Columbus, Ohio, Aug. 31 – SeaWorld Entertainment, Inc. subsidiary SeaWorld Parks & Entertainment, Inc. withdrew its redemption notice to holders of its $228 million of senior secured notes due 2025 on Aug. 28, according to an 8-K filing with the Securities and Exchange Commission.

The redemption notice was issued on Aug. 1 and was withdrawn on Aug. 28, as SeaWorld said it was not able to complete an opportunistic financing to refinance the notes.

SeaWorld said its inability to issue new bonds was “due to market conditions unrelated to and beyond the control of the company.”

SeaWorld is an Orlando, Fla.-based theme park operator.

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