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SeaWorld Entertainment Inc (SEAS.N)

SEAS.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Seaworld Entertainment Inc says Hill Path Capital To Increase Investment
Tuesday, 28 May 2019 

May 28 (Reuters) - SeaWorld Entertainment Inc ::SEAWORLD ENTERTAINMENT, INC. ANNOUNCES BUYBACK AND HILL PATH CAPITAL TO INCREASE INVESTMENT.SEAWORLD ENTERTAINMENT INC - SEAWORLD ENTERTAINMENT, INC. TO PURCHASE APPROXIMATELY 5.6 MILLION SHARES FROM AN AFFILIATE OF PACIFIC ALLIANCE GROUP.SEAWORLD ENTERTAINMENT INC - HILL PATH CAPITAL TO PURCHASE APPROXIMATELY 13.2 MILLION SHARES FROM PAG AND INCREASES EQUITY STAKE TO APPROXIMATELY 34.5%.SEAWORLD ENTERTAINMENT INC - ENTERED INTO AN AGREEMENT TO ACQUIRE APPROXIMATELY 5.6 MILLION SHARES FOR APPROXIMATELY $150.0 MILLION FROM AN AFFILIATE OF PAG.SEAWORLD ENTERTAINMENT INC - COMPANY AGREED TO APPOINT UP TO THREE HILL PATH DIRECTOR DESIGNEES TO ITS BOARD OF DIRECTORS.SEAWORLD ENTERTAINMENT INC - HILL PATH AGREED TO STANDSTILL OBLIGATIONS, RESTRICTIONS REGARDING MANNER OF SALE OF SHARES.SEAWORLD ENTERTAINMENT INC - COMPANY WILL INCREASE SIZE OF BOARD, AS NECESSARY.SEAWORLD ENTERTAINMENT INC - HILL PATH AGREED SHARES HELD IN EXCESS OF 24.9% GENERALLY WOULD BE VOTED CONSISTENT WITH BOARD'S RECOMMENDATIONS.  Full Article

Seaworld Entertainment Says John T. Reilly Appointed COO
Tuesday, 5 Feb 2019 

Feb 5 (Reuters) - SeaWorld Entertainment Inc ::SEAWORLD ENTERTAINMENT, INC. APPOINTS GUSTAVO ANTORCHA AS CHIEF EXECUTIVE OFFICER.SAYS JOHN T. REILLY APPOINTED COO.APPOINTED GUSTAVO ANTORCHA AS CEO, EFFECTIVE FEBRUARY 18, 2019.  Full Article

Seaworld Entertainment Refinances $544 Mln Term B-2 Loans
Thursday, 1 Nov 2018 

Nov 1 (Reuters) - SeaWorld Entertainment Inc ::SEAWORLD ENTERTAINMENT, INC. REFINANCES $544 MILLION TERM B-2 LOANS AND $210 MILLION REVOLVING CREDIT FACILITY.SEAWORLD ENTERTAINMENT INC - EXTENDED MATURITY OF EXISTING $544 MILLION TERM B-2 LOANS TO MARCH 31, 2024.SEAWORLD ENTERTAINMENT INC - EXTENDED MATURITY OF EXISTING $544 MILLION TERM B-2 LOANS FROM MAY 14, 2020 TO MARCH 31, 2024.SEAWORLD ENTERTAINMENT INC - EXTENDED MATURITY OF $210 MILLION REVOLVING CREDIT FACILITY TO OCT. 31, 2023 FROM MARCH 31, 2022.SEAWORLD-INTEREST RATE ON $210 MILLION REVOLVING CREDIT FACILITY (LIBOR + 2.75%) AND ON $983 MILLION OF EXISTING TERM B-5 LOANS (LIBOR + 3.00%) DID NOT CHANGE.  Full Article

Seaworld Entertainment Inc Reports Attendance And Preliminary Revenue Through September 30 2018
Monday, 1 Oct 2018 

Oct 1 (Reuters) - SeaWorld Entertainment Inc ::SEAWORLD ENTERTAINMENT, INC. REPORTS ATTENDANCE AND PRELIMINARY REVENUE THROUGH SEPTEMBER 30, 2018.SEAWORLD ENTERTAINMENT - QTRLY TOTAL REVENUE IS EXPECTED TO INCREASE BY ABOUT $41 MILLION.  Full Article

SEC settles with SeaWorld, ex-CEO over 'Blackfish' documentary
Tuesday, 18 Sep 2018 

Sept 18 (Reuters) - Sec says settlement relates to 'blackfish' documentary, and says a former communications vp settled related charge:.  Full Article

Seaworld Entertainment Reports Qtrly Loss Per Share of $0.24
Tuesday, 27 Feb 2018 

Feb 27 (Reuters) - Seaworld Entertainment Inc ::SEAWORLD ENTERTAINMENT, INC. REPORTS FOURTH QUARTER AND FISCAL 2017 RESULTS.Q4 REVENUE $265.5 MILLION.‍ON TRACK TO DELIVER $40 MILLION OF PREVIOUSLY ANNOUNCED NET COST SAVINGS BY YEAR-END 2018​.QTRLY LOSS PER SHARE $0.24.‍ON TRACK TO DELIVER AN ADDITIONAL $25 MILLION OF PREVIOUSLY ANNOUNCED COST SAVINGS FOR 2018​.SEAWORLD - YTD 2018 TRENDS ARE POSITIVE COMPARED TO PRIOR YEAR PERIOD WITH RISE IN SEASON PASS SALES & TOTAL ATTENDANCE.SEAWORLD ENTERTAINMENT - PLAN TO ADDRESS WEAKNESS FROM CO'S INTERNATIONAL AND U.S. DOMESTIC GUESTS WITH 2018 SALES AND MARKETING INITIATIVES.Q4 EARNINGS PER SHARE VIEW $-0.19, REVENUE VIEW $260.7 MILLION -- THOMSON REUTERS I/B/E/S.IMPLEMENTING NEW PRICING AND TICKETING STRATEGIES COMBINED WITH NEW SALES AND MARKETING INITIATIVES.  Full Article

Seaworld Entertainment Names John Reilly As Interim CEO
Tuesday, 27 Feb 2018 

Feb 27 (Reuters) - Seaworld Entertainment Inc ::SEAWORLD ENTERTAINMENT, INC. ANNOUNCES LEADERSHIP TRANSITION PLAN.SEAWORLD ENTERTAINMENT INC - JOHN T. REILLY NAMED INTERIM CEO OF SEAWORLD ENTERTAINMENT INC.SEAWORLD ENTERTAINMENT INC - YOSHIKAZU MARUYAMA BECOMES INTERIM EXECUTIVE CHAIRMAN.SEAWORLD ENTERTAINMENT INC - UNDER PLAN, CURRENT CHIEF PARKS OPERATIONS OFFICER, REILLY, HAS BECOME INTERIM CEO SUCCEEDING JOEL MANBY.SEAWORLD ENTERTAINMENT INC - MARUYAMA WILL RESUME HIS POSITION AS CHAIRMAN WHEN ‍A PERMANENT CEO IS APPOINTED.SEAWORLD ENTERTAINMENT INC - ‍LEADERSHIP CHANGES ARE EFFECTIVE IMMEDIATELY​.  Full Article

SeaWorld Entertainment reports Q3 earnings per share $0.64
Tuesday, 7 Nov 2017 

Nov 7 (Reuters) - SeaWorld Entertainment Inc :SeaWorld Entertainment, Inc. reports third quarter and nine months 2017 results.Q3 earnings per share $0.64.Q3 revenue $437.7 million versus I/B/E/S view $451.2 million.Q3 earnings per share view $0.81 -- Thomson Reuters I/B/E/S.SeaWorld Entertainment Inc - ‍Attendance in Q3 of 2017 declined by approximately 732,000 guests compared to prior year Q3​.SeaWorld Entertainment Inc - ‍Expects to achieve its targeted $40 million in net cost savings by end of 2018​.SeaWorld Entertainment Inc - ‍Has also identified an additional $25.0 million in cost savings opportunities​.SeaWorld Entertainment Inc - ‍Has narrowed its 2017 adjusted EBITDA guidance range to $280 million to $295 million​.SeaWorld Entertainment Inc - ‍Less than 15% of company's expected 2017 attendance remaining in November and December​.SeaWorld Entertainment- ‍Qtrly attendance adversely impacted by decline in U.S. domestic, international attendance, effects of hurricanes Irma & Harvey​.SeaWorld Entertainment Inc - ‍SeaWorld San Diego was further impacted by a decline in attendance from Southern California market in quarter​.SeaWorld Entertainment - ‍Expects to deploy majority of cost savings from restructuring into marketing and advertising initiatives in 2018.  Full Article

Seaworld Entertainment ‍implements restructuring program
Wednesday, 18 Oct 2017 

Oct 18 (Reuters) - Seaworld Entertainment Inc :Seaworld Entertainment - ‍implemented restructuring program.Seaworld Entertainment - co had previously announced in August 2017 that it was identifying an additional $25.0 million in potential gross cost savings​.Seaworld Entertainment- ‍restructuring program involves elimination of about 350 positions by end of Q4 2017 across certain of co's theme parks, headquarters​.Seaworld Entertainment Inc - ‍ as restructuring program, co expects to record approximately $5.1 million in pre-tax restructuring charges in Q3 of 2017​.Seaworld Entertainment Inc - ‍restructuring charges relate to severance and other expenses incurred in connection with restructuring program​.Seaworld Entertainment- ‍for Q3 2017 and for nine month period ended September 30, 2017, the restructuring charges will reduce co's reported earnings​.Seaworld Entertainment- ‍ for Q3 2017, for nine month period ended September 30, 2017, the restructuring charges will not impact co's adjusted EBITDA​.  Full Article

Merlin Entertainments says not talking to SeaWorld about a deal
Wednesday, 11 Oct 2017 

Oct 11 (Reuters) - MERLIN ENTERTAINMENTS PLC ::MERLIN ENTERTAINMENTS STATEMENT REGARDING SEAWORLD.CONFIRM THAT MERLIN IS NOT INVOLVED IN ANY DISCUSSIONS THAT MIGHT LEAD TO ACQUISITION OF SEAWORLD OR ITS CONSTITUENT PARTS - SPOKESPERSON.  Full Article

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Animal welfare activists urge end to SeaWorld dolphin shows

SAN DIEGO Years after the documentary film "Blackfish" galvanized a movement to end SeaWorld's killer whale performances, animal rights activists on Wednesday called for an end to "circus-style" dolphin shows at the theme parks. | Video