SeaWorld Entertainment Inc.

07/26/2021 | Press release | Distributed by Public on 07/26/2021 14:56

Regulation FD Disclosure (Form 8-K)

Regulation FD Disclosure.

On July 26, 2021, SeaWorld Parks & Entertainment, Inc. (the 'Issuer'), a subsidiary of SeaWorld Entertainment, Inc. (the 'Company') issued (i) a conditional notice of partial redemption (the 'Conditional Notice of Partial Redemption') for the Issuer's 9.500% Second-Priority Senior Secured Notes due 2025 (the 'Notes') and (ii) a conditional notice of full redemption for the Notes not purchased pursuant to the Conditional Notice of Partial Redemption (the 'Conditional Notice of Full Redemption,' together with the Conditional Notice of Partial Redemption, the 'Redemption Notices').

The Conditional Notice of Partial Redemption states that $50,000,000 aggregate principal amount of the Notes will be redeemed on August 25, 2021 at a price equal to the sum of (i) 103% of the principal amount of the Notes to be redeemed, plus (ii) accrued and unpaid interest, if any, to, but excluding, the redemption date. The Conditional Notice of Full Redemption states that $400,000,000 aggregate principal amount of the Notes will be redeemed on August 25, 2021 at a price equal to the sum of (i) 100% of the principal amount of the Notes to be redeemed, plus (ii) the Applicable Premium (as defined in the indenture governing the Notes) as of the redemption date plus (iii) accrued and unpaid interest, if any, to, but excluding, the redemption date.

The redemptions pursuant to the Redemption Notices are conditioned on the completion of a financing, which may be notes, loans or other securities, or a combination thereof, on or prior to the redemption date, by the Issuer on terms satisfactory to the Issuer and in an aggregate principal amount satisfactory to the Issuer.

The information under this Item 7.01 of this report on Form 8-K shall not be deemed 'filed' for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the 'Exchange Act'), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.