Daily News: August 13, 2012

Capital One Closes $9.2 Million for Hawaiian Falls Waterparks

Capital One Bank announced it closed a seven-year $9.2 million revolving credit facility for Hawaiian Falls Waterparks, which is owned by Horizon Family Holdings, LLC. Proceeds of the facility were used to refinance existing debt and complete construction of a new water park in Waco, TX.

“This credit facility is an important step in improving Hawaiian Fall’s capital structure and enabling us to expand our business,” said David Busch, Hawaiian Falls CEO. “Capital One Bank has been a great partner and the team was very committed to developing a financing solution to help us grow organically and launch our new water park in Waco.”

Hawaiian Falls Waterparks, based in The Colony, TX, has four water parks in the Dallas-Fort Worth area plus a new park in Waco. Horizon Family Holdings has been active in the amusement industry since the 1970s.

“Capital One Bank is thrilled to partner with Hawaiian Falls to support the company’s growth and the development of the new water park,” said Mike Barber, Fort Worth Market president, Capital One Bank. “We look forward to building our relationship with this leader in the family entertainment industry.”