Business
Pursuit Enhances Liquidity for Accelerated Growth with Upsized Credit Facility
DENVER, October 01, 2025--Pursuit Enhances Liquidity for Accelerated Growth with Upsized Credit Facility
About this update from Pursuit Attractions And Hospitality, Inc.
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":2216,"height":335,"url":"https://media.zenfs.com/en/business-wire.com/9cdc2649449f788fedc0ea64dcf64ca3"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/xU3hhHkcm7yvaN6wk28D8g--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTE0NTtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/9cdc2649449f788fedc0ea64dcf64ca3","width":960,"height":145},"lightbox":{"url":"https://s.yimg.com/ny/api/res/1.2/lra9GLhwcuFmZ_gHQUhe.g--/YXBwaWQ9aGlnaGxhbmRlcjt3PTI0MDA7aD0zNjI7Y2Y9d2VicA--/https://media.zenfs.com/en/business-wire.com/9cdc2649449f788fedc0ea64dcf64ca3","width":1200,"height":181}},"lazy":false},{"type":"text","content":"DENVER, October 01, 2025--(BUSINESS WIRE)--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).","length":386,"tagName":"p"},{"type":"text","content":"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."","length":500,"tagName":"p"},{"type":"text","content":"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.","length":274,"tagName":"p"},{"type":"text","content":"The credit facility amendment was led by Bank of America, with participation from BMO, KeyBank National Association, and Truist Bank.","length":133,"tagName":"p"},{"type":"text","content":"Barry added, "We are thankful to have the support of our banking partners as we continue to execute our ...