Christopher L. Finazzo, Chief Business Officer of United Parks & Resorts Inc. (NYSE:PRKS), not too long ago offered 13,000 shares of the corporate’s widespread inventory. The transaction passed off on December 13, 2024, at a price of $55.62 per share, totaling roughly $723,060. Following this sale, Finazzo holds 132,439 shares immediately. This transaction was reported in a Kind 4 submitting with the U.S. Securities and Alternate Fee.
In different current information, United Parks & Resorts Inc. has made important monetary changes and personnel adjustments. The corporate has refinanced its debt with new time period loans totaling roughly $1.54 billion, in response to a regulatory submitting. This transfer is geared toward managing its whole debt of $2.37 billion extra successfully. Moreover, United Parks & Resorts expanded its credit score facility from $390 million to $700 million, additional enhancing its monetary flexibility.
On the personnel entrance, United Parks & Resorts has welcomed Invoice Myers as the brand new Chief Accounting Officer. Myers brings a wealth of expertise from numerous monetary management roles, additional strengthening the corporate’s monetary administration group.
When it comes to analyst notes, Mizuho (NYSE:) Securities has revised its outlook for the corporate, lowering the price goal to $45 attributable to a projected slowdown in park attendance. However, B.Riley maintained a Purchase ranking and a price goal of $71 for the corporate, highlighting a rise in revenue-based lease funds for its San Diego park. Nonetheless, Goldman Sachs downgraded the corporate from “Buy” to “Neutral”, citing issues concerning the firm’s efficiency within the second half of the yr.
These are the current developments in United Parks & Resorts’ operations, which replicate the corporate’s ongoing efforts to handle its monetary well being and personnel successfully.
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