United Parks & Resorts Inc. Files 8-K

TL;DR

UPKS filed an 8-K on July 29th, check financials.

AI Summary

United Parks & Resorts Inc. (formerly SeaWorld Entertainment, Inc.) filed an 8-K on July 29, 2024, reporting on its results of operations and financial condition. The filing also includes Regulation FD disclosures and financial statements. The company is incorporated in Delaware and headquartered in Orlando, Florida.

Why It Matters

This filing provides crucial updates on the company's financial performance and operational status, which can influence investor decisions.

Risk Assessment

Risk Level: low — This is a routine filing reporting financial information and does not indicate any immediate or significant risks.

Key Players & Entities

• United Parks & Resorts Inc. (company) — Registrant
• SeaWorld Entertainment, Inc. (company) — Former Name
• July 29, 2024 (date) — Date of Report
• Orlando, Florida (location) — Principal Executive Offices

FAQ

Key Financial Figures

• $0.01 — ch registered Common Stock, par value $0.01 per share PRKS New York Stock Excha
• $390 million — volving credit facility thereunder from $390 million to $700.0 million and extend the maturi
• $700.0 million — acility thereunder from $390 million to $700.0 million and extend the maturity thereof and (ii

Filing Documents

• prks-20240729.htm (8-K) — 51KB
• prks-ex99_1.htm (EX-99.1) — 128KB
• 0000950170-24-087113.txt ( ) — 304KB
• prks-20240729.xsd (EX-101.SCH) — 23KB
• prks-20240729_htm.xml (XML) — 4KB

02 Results of Operations and Financial Condition

Item 2.02 Results of Operations and Financial Condition. On July 29, 2024, United Parks & Resorts Inc. (the "Company") issued a press release announcing the preliminary results for the fiscal quarter ended June 30, 2024. The full text of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference in this Item 2.02.

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure. Marketing of Credit Agreement Amendment On July 29, 2024, the Company announced that it is launching an amendment to that certain Amended and Restated Credit Agreement, dated as of August 25, 2021 (and as amended on June 9, 2022, June 12, 2023, January 22, 2024 and May 2, 2024) (the "Credit Agreement"), among the Company, SeaWorld Parks & Entertainment, Inc., each other guarantor party thereto, the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent, to, among other things, (i) refinance its existing first lien term loan facility and extend the maturity thereof, (ii) refinance and increase the commitments under its existing first lien revolving credit facility thereunder from $390 million to $700.0 million and extend the maturity thereof and (iii) amend certain other provisions. The amendment and the related transactions are subject to market and other conditions, and may not occur as described or at all. The information in this Current Report on Form 8-K is being furnished pursuant to Item 7.01 of Form 8-K and shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing made by the Company 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.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 99.1 Press release dated July 29, 2024 announcing preliminary second quarter results. 104 Cover page interactive data filed (embedded within the Inline XBRL document).

Forward Looking Statements

Forward Looking Statements This report contains statements relating to future results (including certain projections and business trends) that are "forward-looking statements" within the meaning of the federal securities laws. The Company generally uses the words such as "might," "will," "may," "should," "estimates," "expects," "continues," "contemplates," "anticipates," "projects," "plans," "potential," "predicts," "intends," "believes," "forecasts," "future," "guidance," "targeted," "goal" and variations of such words or similar expressions in this report and any attachment to identify forward-looking statements. All statements, other than statements of historical facts included in this report, including statements concerning plans, objectives, goals, expectations, beliefs, business strategies, future events, business conditions, results of operations, financial position, business outlook, earnings guidance, business trends and other information are forward-looking statements. The forward-looking statements are not historical facts, and are based upon current expectations, beliefs, estimates and projections, and various assumptions, many of which, by their nature, are inherently uncertain and beyond management's control. All expectations, beliefs, estimates and projections are expressed in good faith and the Company believes there is a reasonable basis for them. However, there can be no assurance that management's expectations, beliefs, estimates and projections will result or be achieved and actual results may vary materially from what is expressed in or indicated by the forward-looking statements. These forward-looking statements are subject to a number of risks, uncertainties and other important factors, many of which are beyond management's control, that could cause actual results to differ materially from the forward-looking statements contained in this report, including among others: various factors beyond the Company's control adversely affecting attendan

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. UNITED PARKS & RESORTS INC. Date: July 29, 2024 By: /s/ G. Anthony (Tony) Taylor Name: Title: G. Anthony (Tony) Taylor Chief Legal Officer, General Counsel and Corporate Secretary

View Full Filing

View this 8-K filing on SEC EDGAR