SeaWorld Parks & Entertainment (SWPE) entered into a refinancing amendment to existing senior secured credit agreement with a group of lenders led by Bank of America serving as administrative agent, collateral agent, L/C issuer and swing line lender.

According to a related filing and pursuant to the amendment, SWPE terminated an existing tranche 2 revolving credit commitment under the existing credit agreement and replaced them with a new tranche of revolving credit commitments with an aggregate commitment amount of $210 million and refinanced the entire amount of an existing term B-3 loans, with a principal amount of $244.7 million, under the existing credit agreement and refinanced a portion of the existing term B-2 loans, with a principal amount of $753.6 million, under the existing credit agreement by replacing such refinanced term loans with new term loans in an aggregate principal amount of $998.3 million.

The proceeds of the term B-5 loans were used to repay the term B-3 loans in full and refinance a portion of the term B-2 loans on the Effective Date and to pay other fees, costs and expenses in connection with the amendment and related transactions.