Blackstone's SeaWorld files for IPO

By Renaissance Capital,

Shutterstock photo

SeaWorld Entertainment, which operates eleven theme parks in the US, filed for an IPO on Thursday with the SEC. Though the filing outlined a placeholder deal size of $100 million, the company could raise between $500 million and $700 million, according to sources. IPO proceeds will primarily be used to repay debt, which stood at $1.8 billion as of 9/30/2012. 

The Orlando, FL-based company was founded in 1959 and booked $1.4 billion in sales for the 12 months ended 9/30/2012. SeaWorld plans to list under the symbol "SEAS". Goldman Sachs and J.P. Morgan are the joint bookrunners on the deal, for which pricing terms and timing were not disclosed.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: News Headlines IPOs
Referenced Stocks: SEAS

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