M&A: VIAD CORP

Form Type: 8-K

Filing Date: 2025-01-07

Corporate Action: Acquisition

Type: New

Accession Number: 000095017025002962

Comments: On December 31, 2024, Pursuit Attractions and Hospitality, Inc. completed the sale of its GES business to TL Voltron Purchaser, LLC for $535 million, consisting of a $510 million base purchase price and a deferred $25 million payment due a year later. The transaction involved the termination and repayment of approximately $393 million owed under a prior credit agreement, with liens and security interests released. Additionally, on January 3, 2025, Pursuit secured a $200 million revolving credit facility from Bank of America, maturing on January 3, 2030, aimed at funding operations, growth initiatives, and acquisitions. The agreement includes customary covenants and events of default, including provisions for bankruptcy or insolvency events.

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Form Type: 8-K

Filing Date: 2025-01-03

Corporate Action: Acquisition

Type: New

Accession Number: 000095017025000594

Comments: On December 31, 2024, Pursuit Attractions and Hospitality, Inc. completed an amendment to its Restated Certificate of Incorporation, changing its name from 'Viad Corp' to 'Pursuit Attractions and Hospitality, Inc.,' effective at 11:59 PM ET. The company also amended and restated its Bylaws to reflect this name change, which did not require stockholder approval. On January 2, 2025, the company announced the acquisition of the Jasper SkyTram attraction in Jasper National Park, which was finalized on December 31, 2024. Consequently, the company’s common stock began trading under a new ticker symbol 'PRSU' on the New York Stock Exchange, changing from 'VVI.'

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