Pursuit Attractions and Hospitality Inc. Upsizes Credit Facility to $300 Million and Extends Term with Support from Leading Banks
Reuters
Oct 02
<a href="https://laohu8.com/S/PRSU">Pursuit Attractions and Hospitality</a> Inc. Upsizes Credit Facility to $300 Million and Extends Term with Support from Leading Banks
DENVER, June 2025 - Pursuit Attractions and Hospitality Inc. (NYSE: PRSU) has announced an amendment to its 2025 Credit Facility, increasing the borrowing capacity on its revolving credit facility by $100 million to a total of $300 million. The term of the facility has also been extended by approximately nine months, now maturing on September 25, 2030. The amended agreement, led by Bank of America with participation from BMO, KeyBank National Association, and Truist Bank, also raises the maximum net leverage ratio to 3.0x and removes an additional 10 basis point credit spread on SOFR borrowings. The recently acquired Tabacón Thermal Resort & Spa has been added as a co-borrower. Pursuit President and CEO David Barry stated that the enhanced facility will support the company's "Refresh, Build, Buy" growth strategy and expand opportunities for organic and acquisition-driven growth.
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