Peak Resorts Refinances and Extends Revolving Credit Facilities

Peak Resorts Refinances and Extends Revolving Credit Facilities

Establishes $25 Million in Total Borrowing Capacity with Royal Banks of

WILDWOOD,  Mo.,  Nov.  02,  2017  (GLOBE  NEWSWIRE)  --  Peak  Resorts,   Inc. 
(NASDAQ:SKIS) (“Peak”  or the  “Company”),  a leading  owner and  operator  of 
high-quality, individually branded U.S. ski  resorts, announced today that  it 
closed a new $10 million revolving line of credit and renewed its $15  million 
acquisition line of  credit with Royal  Banks of Missouri,  thus securing  the 
Company’s flexibility to continue its expansion and growth plans.

A portion  of  the  acquisition  line  of credit  will  be  used  to  pay  off 
approximately $12.4  million that  remained  outstanding under  the  company’s 
original credit facility with Royal Banks of Missouri. The two new  facilities 
accrue interest at a rate of prime plus 1%, with outstanding principal amounts
payable in full within 14 months.

Timothy D.  Boyd,  President and  Chief  Executive Officer  of  Peak  Resorts, 
commented, “A strategic priority for the Company is the further  strengthening 
of our capital structure  and leverage reduction  as we pursue  return-focused 
expansion at our existing resorts and growth in our mountain portfolio. We are
grateful for our long-term relationship with Royal Banks of Missouri, and this
new facility moves  us further toward  achieving these goals.  The new  credit 
facility provides Peak with the financial flexibility we need as the 2017/2018
ski season kicks off and we  continue our expansion initiatives at both  Mount 
Snow and Hunter Mountain. We look  forward to welcoming guests to our  resorts 
throughout the Northeast and Midwest as  the winter season gets under way  and 
we put our world-class snowmaking capabilities and on-mountain teams to work.”

Peak Resorts  enters  the 2017/2018  ski  season with  an  improved  liquidity 
position, including $12.6  million in total  net borrowing availability  under 
its lines of credit with Royal Banks of Missouri and a strong cash position.

About Peak Resorts
Headquartered in Missouri,  Peak Resorts is  a leading owner  and operator  of 
high-quality, individually  branded  ski  resorts  in  the  U.S.  The  company 
operates 14 ski resorts primarily located in the Northeast and Midwest, 13  of 
which are company owned.

The majority of the resorts are located within 100 miles of major metropolitan
markets, including  New York  City, Boston,  Philadelphia, Cleveland  and  St. 
Louis, enabling day and overnight  drive accessibility. The resorts under  the 
company's umbrella  offer a  breadth of  activities, services  and  amenities, 
including  skiing,  snowboarding,  terrain  parks,  tubing,  dining,  lodging, 
equipment rentals and sales, ski and snowboard instruction and mountain biking
and other summer  activities. To learn  more, visit the  company’s website  at or follow Peak Resorts on Facebook for resort updates.

For further information, or to receive future Peak Resorts news  announcements 
via e-mail, please contact JCIR, at 212-835-8500 or

Forward Looking Statements
This news  release contains  forward-looking statements  regarding the  future 
outlook and  performance of  Peak Resorts,  Inc., within  the meaning  of  the 
Private Securities Litigation Reform Act of 1995. These statements are subject
to a variety  of risks and  uncertainties that could  cause actual results  to 
differ materially from current expectations. These risks and uncertainties are
discussed under the caption “Risk Factors”  in the company’s Annual Report  on 
Form 10-K for the  year ended April  30, 2017, filed  with the Securities  and 
Exchange Commission  (the “SEC”),  and as  updated from  time to  time in  the 
company’s filings  with the  SEC.  Peak  Resorts undertakes  no obligation  to 
release  publicly  the  result  of  any  revisions  to  these  forward-looking 
statements that may be made to reflect events or circumstances after the  date 
hereof or to reflect the occurrence of unanticipated events.

Investor Contact:
Norberto Aja, Jim Leahy, Joseph Jaffoni
212-835-8500 or
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