SeaWorld Said to Seek $1.4 Billion Loan to Refinance Debt
This article is for subscribers only.
SeaWorld Entertainment Inc., the Blackstone Group LP-controlled theme park operator that went public last month, is seeking a $1.4 billion term loan to refinance debt, according to a person with knowledge of the matter.
Bank of America Corp. is arranging the transaction for Orlando, Florida-based SeaWorld, which will pay interest at 2.5 percentage points more than the London interbank offered rate, with a 0.75 percent minimum on the lending benchmark, said the person, who asked not to be identified because the deal is private.