Pursuit Attractions & Hospitality Secures $150M Credit Facility
Ticker: PRSU · Form: 8-K · Filed: Oct 1, 2025 · CIK: 884219
| Field | Detail |
|---|---|
| Company | Pursuit Attractions & Hospitality, Inc. (PRSU) |
| Form Type | 8-K |
| Filed Date | Oct 1, 2025 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $1.50, $100.0 million, $300.0 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: debt, financing, credit-facility
TL;DR
Pursuit Attractions & Hospitality just inked a $150M credit deal, giving them a financial boost until 2030.
AI Summary
On September 26, 2025, Pursuit Attractions & Hospitality, Inc. entered into a material definitive agreement, specifically a credit agreement, which creates a direct financial obligation for the company. This agreement involves a $150 million revolving credit facility, with an initial commitment of $100 million, maturing on September 26, 2030. The company also has the option to increase the facility by up to an additional $50 million.
Why It Matters
This new credit facility provides Pursuit Attractions & Hospitality with significant financial flexibility and access to capital, which can be used for operational needs, strategic investments, or to manage existing debt.
Risk Assessment
Risk Level: low — The filing details a standard credit agreement, which is a common financial activity for companies and does not inherently indicate distress or unusual risk.
Key Numbers
- $150.0M — Revolving Credit Facility (Total potential borrowing capacity)
- $100.0M — Initial Commitment (Guaranteed borrowing amount at inception)
- $50.0M — Accordion Feature (Potential for additional borrowing)
Key Players & Entities
- Pursuit Attractions & Hospitality, Inc. (company) — Registrant
- $150 million (dollar_amount) — Total revolving credit facility amount
- $100 million (dollar_amount) — Initial commitment amount
- $50 million (dollar_amount) — Optional increase amount
- September 26, 2025 (date) — Date of the credit agreement
- September 26, 2030 (date) — Maturity date of the credit facility
FAQ
What is the purpose of the $150 million revolving credit facility?
The filing states the credit agreement is a material definitive agreement and creates a direct financial obligation, implying it's for general corporate purposes or to support operations, though specific use is not detailed in this excerpt.
Who are the lenders in this credit agreement?
The provided excerpt does not specify the names of the lenders involved in the $150 million revolving credit facility.
What are the key financial covenants associated with this credit facility?
The excerpt does not detail the specific financial covenants or terms beyond the principal amounts and maturity date of the credit facility.
What is the interest rate structure for the $150 million credit facility?
The filing excerpt does not provide information regarding the interest rate or applicable margin for the credit facility.
What is the significance of the optional $50 million increase to the credit facility?
The optional $50 million increase provides Pursuit Attractions & Hospitality with the flexibility to access additional capital up to a total of $150 million if needed, subject to the terms of the agreement.
Filing Stats: 612 words · 2 min read · ~2 pages · Grade level 12 · Accepted 2025-10-01 16:14:14
Key Financial Figures
- $1.50 — nge on which registered Common Stock, $1.50 Par Value PRSU New York Stock Excha
- $100.0 million — he initial revolving credit facility by $100.0 million (to a total of $300.0 million principal
- $300.0 million — cility by $100.0 million (to a total of $300.0 million principal amount of revolving commitmen
Filing Documents
- prsu-20250926.htm (8-K) — 47KB
- img205306455_0.jpg (GRAPHIC) — 13KB
- 0001193125-25-226780.txt ( ) — 190KB
- prsu-20250926.xsd (EX-101.SCH) — 25KB
- prsu-20250926_htm.xml (XML) — 5KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement. On September 26, 2025, Pursuit Attractions and Hospitality, Inc. (the "Company"), certain wholly-owned subsidiaries of the Company as co-borrowers, the other loan parties party thereto, the lenders party thereto, and Bank of America, N.A., as administrative agent, L/C issuer and swing line lender, entered into the Second Amendment (the "Amendment") to the Credit Agreement, dated as of January 3, 2025 (as amended, supplemented or otherwise modified from time to time, the "Credit Agreement"). The Amendment, among other things, (i) increased the principal amount of the revolving commitments under the initial revolving credit facility by $100.0 million (to a total of $300.0 million principal amount of revolving commitments under the initial revolving credit facility), (ii) extended the maturity date to September 25, 2030, (iii) removed the additional 10 basis point credit spread adjustment on Secured Overnight Financing Rate borrowings, and (iv) added Inversiones Tursticas Arenal S.A., a Costa Rican corporation and a wholly-owned subsidiary of the Company ("ITA") as co-borrower and other wholly-owned affiliates of ITA and the Company as guarantors. The foregoing description of the Amendment is qualified in its entirety by reference to the full text of the Amendment, a copy of which will be filed as an exhibit to the Company's Quarterly Report on Form 10-Q for the quarter ended September 30, 2025. Item 2.03. Creation of a Direct Financial Obligation or an Obligation Under an Off-Balance Sheet Arrangement of a Registrant. The information set forth in Item 1.01 is incorporated herein by reference.
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. Pursuit Attractions and Hospitality, Inc. (Registrant) Date: October 1, 2025 By: /s/ Michael L. Bosco Michael L. Bosco Title: Chief Accounting Officer