Pursuit Attractions and Hospitality, Inc. (“Pursuit”) (NYSE: PRSU), announced that it has amended its 2025 Credit Facility, dated January 3, 2025, to increase the borrowing capacity on its revolving credit facility by $100 million (to a total of $300 million) and extend the term by approximately nine months (to September 25, 2030).
David Barry, Pursuit’s President and Chief Executive Officer, commented, “This upsized revolving credit facility meaningfully enhances our financial flexibility, allowing us to accelerate execution of our Refresh, Build, Buy strategy. With a strong balance sheet, a robust pipeline of acquisition opportunities, and over $250 million of identified organic growth investments, Pursuit is well-positioned to drive sustained shareholder value and capitalize on strategic growth opportunities.”
The terms of the amended credit agreement also increased the maximum net leverage ratio to 3.0x (from 2.5x), removed the additional 10 basis point credit spread adjustment on SOFR borrowings, and added the recently acquired Tabacón Thermal Resort & Spa as a co-borrower.
The credit facility amendment was led by Bank of America, with participation from BMO, KeyBank National Association, and Truist Bank.
Barry added, “We are thankful to have the support of our banking partners as we continue to execute our proven growth strategy to drive long-term shareholder value. Their continued and expanded commitment underscores their confidence in Pursuit’s financial model and future growth prospects.”
ABOUT PURSUIT
Pursuit Attractions and Hospitality, Inc. (NYSE: PRSU) is an attractions and hospitality company that owns and operates a collection of inspiring and unforgettable experiences in iconic destinations in the United States, Canada, Iceland, and Costa Rica. Pursuit’s elevated hospitality experiences include 17 world-class point-of-interest attractions and 29 distinctive lodges, along with integrated restaurants, retail and transportation that enable visitors to discover and connect with stunning national parks and renowned global travel locations.
For more information, visit pursuit.com.
AVAILABILITY OF INFORMATION ON PURSUIT WEBSITE
Pursuit routinely uses its investor relations website (investors.pursuit.com) to post presentations to investors and other important information, including information that may be material. Accordingly, Pursuit encourages investors and others interested in Pursuit to review the information it makes public on its investor relations website.
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Contacts
Carrie Long or Michelle Porhola
Investor Relations
ir@pursuitcollection.com
(602) 207-2681