SeaWorld Parks withdraws $665 million term loan B from market

By Sara Rosenberg

New York, Aug. 4 – SeaWorld Parks & Entertainment Inc. pulled its $665 million senior secured term loan B (Ba2/BB) due Aug. 25, 2028 from market, according to a market source.

The term loan was talked at SOFR plus 250 basis points with a 0.5% floor, a par issue price, 101 soft call protection for six months and no CSA.

JPMorgan Chase Bank was the lead on the deal.

Proceeds were going to be used with $750 million of five-year senior secured notes to refinance the company’s existing $1.182 billion term loan B due Aug. 25, 2028 that is priced at Libor plus 300 bps with a 0.5% floor and $228 million senior secured notes due 2025.

SeaWorld is an Orlando, Fla.-based theme park and entertainment company.

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