SeaWorld Entertainment, Inc. Announces Closing Of Initial Public Offering Of 29,900,000 Shares Of Common Stock

 SeaWorld Entertainment, Inc. Announces Closing Of Initial Public Offering Of
                      29,900,000 Shares Of Common Stock

PR Newswire

ORLANDO, Fla., April 24, 2013

ORLANDO, Fla., April 24, 2013 /PRNewswire/ --SeaWorld Entertainment, Inc.
(NYSE: SEAS) ("SeaWorld Entertainment" or the "Company") today announced the
closing of an initial public offering of 29.9 million shares of common stock
at a price to the public of $27 per share.

(Photo: http://photos.prnewswire.com/prnh/20130424/FL01233-a )

(Photo: http://photos.prnewswire.com/prnh/20130424/FL01233-b )

(Logo: http://photos.prnewswire.com/prnh/20130418/FL97697LOGO-c )

SeaWorld Entertainment issued and sold 10 million shares of common stock in
the offering and selling stockholders affiliated with The Blackstone Group
L.P. offered and sold 19.9 million shares of common stock in the offering,
including 3.9 million shares that were offered and sold by the selling
stockholders pursuant to the full exercise of the underwriters' over-allotment
option.

The offering raised proceeds to the Company of $253.8 million, after deducting
underwriting discounts and commissions. SeaWorld Entertainment will not
receive any of the proceeds from the sale of the shares sold by the selling
stockholders. SeaWorld Entertainment used a portion of the net proceeds to
the Company from the offering to redeem $140 million in aggregate principal
amount of the 11% Senior Notes due 2016 issued by its subsidiary, SeaWorld
Parks & Entertainment, Inc., at a redemption price of 111%, plus accrued and
unpaid interest thereof, and will use a portion of the net proceeds from the
offering to repay $37 million of its senior secured term loan B facility. In
addition, SeaWorld Entertainment used approximately $46.3 million of the net
proceeds from the offering to make a one-time payment to an affiliate of The
Blackstone Group, L.P. in connection with the termination of a management
advisory agreement.

Goldman, Sachs & Co. and J.P. Morgan acted as joint bookrunning managers and
as representatives of the underwriters in the offering. Citigroup, BofA
Merrill Lynch, Barclays and Wells Fargo Securities were also bookrunners in
the offering. Blackstone Capital Markets, Lazard Capital Markets, Macquarie
Capital, KeyBanc Capital Markets, Nomura, Drexel Hamilton, LLC and Ramirez &
Co. Inc. acted as co-managers in the offering.

A registration statement relating to shares of the common stock of SeaWorld
Entertainment was declared effective on April 18, 2013 by the U.S. Securities
and Exchange Commission. This press release does not constitute an offer to
sell or a solicitation of an offer to buy the securities described above, nor
shall there be any sale of such shares of common stock in any state or
jurisdiction in which such offer, solicitation, or sale would be unlawful
prior to registration or qualification under the securities laws of any such
state or jurisdiction.

The offering was made solely by means of a prospectus, copies of which may be
obtained from Goldman, Sachs & Co. at Prospectus Department, 200 West Street,
New York, NY 10282 or by telephone at 866-471-2526 or by facsimile at
212-902-9316 or by email at prospectus-ny@ny.email.gs.com, J.P. Morgan at c/o
Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 or
by telephone at 866-803-9204, Citigroup at c/o Broadridge Financial Solutions,
1155 Long Island Avenue, Edgewood, NY 11717 or by telephone at 800-831-9146 or
by email at BATProspectusdept@citi.com, BofA Merrill Lynch at 222 Broadway,
New York, NY 10038, Attn: Prospectus Department or by email at
dg.prospectus_requests@baml.com, Barclays at c/o Broadridge Financial
Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 or by telephone at
888-603-5847 or by email at Barclaysprospectus@broadridge.comand Wells Fargo
Securities at 375 Park Avenue, New York, NY 10152, Attn: Equity Syndication
Department or by telephone at 800-326-5897 or by email at
cmclientsupport@wellsfargo.com.

SOURCE SeaWorld Entertainment, Inc.

Contact: Fred Jacobs, Vice President of Communications,
Fred.Jacobs@SeaWorld.com; or R. Idalia Rodriguez, www.seaworldinvestors.com,
855-797-8625