SeaWorld Parks & Entertainment refinances over $1 billion in debt

Posted Wednesday, February 9, 2011 11:55 AM | Contributed by Jeff

SeaWorld Parks & Entertainment is seeking to refinance most of the roughly $1.5 billion in debt the company took on in late 2009 as part of its sale to private-equity owner Blackstone Group. The refinancing involves a $1.05 billion credit facility, backed by substantially all of the Orlando-based theme-park operator's assets. It does not include $400 million worth of unsecured debt that the company is also carrying.

Read more from The Orlando Sentinel.

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