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SeaWorld Entertainment Inc (SEAS.N)

SEAS.N on New York Stock Exchange

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20 Jul 2017
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Latest Key Developments (Source: Significant Developments)

Seaworld Entertainment says committee unanimously recommended that board reject chairman david d'alessandro's offered immediate resignation
Friday, 23 Jun 2017 05:37pm EDT 

June 23 (Reuters) - Seaworld Entertainment Inc : :Seaworld entertainment says on June 22, committee unanimously recommended that board reject chairman David D'alessandro's offered immediate resignation.Seaworld Entertainment says disinterested members of board thereafter unanimously resolved to reject D'alessandro's immediate resignation .Seaworld Entertainment Inc - disinterested members of board agreed with D'alessandro's that he will step down on December 31, 2017.Seaworld Entertainment Inc - in June 2017, co received a subpoena in connection with an investigation by U.S. DOJ.Seaworld Entertainment-U.S. DOJ subpoena concerning disclosures, public statements made by co, certain executives and/or individuals on/before August 2014.Seaworld Entertainment Inc- on June 16, board of directors formed special committee comprised of independent directors with respect to DOJ inquiries.Seaworld Entertainment- received subpoenas from staff of U.S. Sec in connection with matters including those regarding impact of "blackfish" documentary, others.  Full Article

Seaworld Entertainment says David D'Alessandro did not receive majority of votes cast at annual meeting
Friday, 16 Jun 2017 05:21pm EDT 

June 16 (Reuters) - Seaworld Entertainment Inc ::Seaworld Entertainment Inc says David D'alessandro did not receive majority of votes cast at annual meeting - sec filing.Seaworld Entertainment Inc - pursuant to terms of company's bylaws, D'Alessandro offered to tender his resignation to board following annual meeting.Seaworld Entertainment Inc - stockholders failed to approve compensation paid to company's named executive officers at annual meeting - sec filing.Seaworld Entertainment- immediately after annual meeting, Yoshikazu Maruyama, Yongli Wang, director designees of Zhonghong Group, appointed to board.  Full Article

Sun Wise (UK) Co Ltd reports 21.2 pct stake in seaworld entertainment
Thursday, 18 May 2017 02:22pm EDT 

May 18 (Reuters) - Seaworld Entertainment Inc :Sun Wise (UK) Co Ltd reports 21.2 percent stake in Seaworld Entertainment Inc as of May 8 - sec filing.Sun Wise (UK) Co Ltd says purchased stake in Seaworld Entertainment Inc's common stock to acquire strategic minority interest.  Full Article

Seaworld Entertainment Inc reports Q1 loss per share $0.72
Tuesday, 9 May 2017 06:45am EDT 

May 9 (Reuters) - Seaworld Entertainment Inc : :Seaworld Entertainment Inc reports first quarter 2017 results.Q1 loss per share $0.72.Q1 revenue $186.4 million versus I/B/E/S view $205.8 million.Q1 earnings per share view $-0.55 -- Thomson Reuters I/B/E/S.Seaworld Entertainment Inc - remains on pace to achieve its cost optimization program net cost savings targets for year..Seaworld Entertainment Inc - for full year of 2017, company expects adjusted ebitda in range of $330 million to $360 million.Seaworld Entertainment - attendance for Q1 declined by about 14.9pct, primarily due to a shift in timing of easter holiday into Q2 of 2017.  Full Article

Seaworld Entertainment enters refinancing amendment to existing senior secured credit agreement
Tuesday, 4 Apr 2017 04:29pm EDT 

Seaworld Entertainment Inc : Seaworld Entertainment - on March 31, unit entered refinancing amendment to existing senior secured credit agreement, dated December 1, 2009 . Seaworld Entertainment Inc - pursuant to amendment, SWPE terminated existing tranche 2 revolving credit commitments under existing credit agreement . Seaworld Entertainment-replaced tranche 2 revolving credit commitments with new tranche of revolving credit commitments with commitment amount of $210 million . Seaworld Entertainment - pursuant to amendment,SWPE refinanced entire amount of existing term B-3 loans, with $244.7 million,under existing credit deal . Seaworld Entertainment Inc - pursuant to amendment, swpe refinanced a portion of existing term B-2 loans, with $753.6 million, under existing credit deal .Seaworld Entertainment - proceeds of term B-5 loans used to repay term B-3 loans in full and refinance a portion of term B-2 loans on effective date.  Full Article

Seaworld entertainment inc announces long-term investment by Zhonghong Group
Friday, 24 Mar 2017 06:45am EDT 

Seaworld Entertainment Inc : Seaworld Entertainment Inc announces long-term investment by zhonghong group . Seaworld - unit of Zhonghong will acquire about 21pct equity interest in Seaworld from certain funds affiliated with blackstone at $23.00 per share . Seaworld Entertainment Inc - upon closing of transaction, seaworld will increase size of its board to 11 . Seaworld Entertainment Inc - unit of Zhonghong Zhuoye Group Co Ltd. Will acquire an approximately 21pct equity interest in Seaworld . Seaworld Entertainment- following closing , blackstone and affiliates will no longer hold any interests in seaworld or have seats on board . Seaworld entertainment - zhonghong group executives yoshikazu maruyama and yongli wang will join seaworld board . Seaworld Entertainment - agreement contains certain restrictions on Zhonghong Group's ability to sell its interest in Seaworld for period of two years .Seaworld Entertainment-deal contains limitations on zhonghong's ability to acquire more than 24.9pct of shares without approval of independent directors.  Full Article

SeaWorld Entertainment reports Q4 revenue $267.6 million
Tuesday, 28 Feb 2017 06:45am EST 

SeaWorld Entertainment Inc : SeaWorld Entertainment, Inc. reports fourth quarter and full year 2016 results . Q4 loss per share $0.14 . Q4 revenue $267.6 million versus I/B/E/S view $268.5 million . Q4 earnings per share view $-0.11 -- Thomson Reuters I/B/E/S . SeaWorld Entertainment Inc - Total attendance for 2016 declined by approximately 471,000 guests, or 2.1% . SeaWorld Entertainment Inc - Attendance for Q4 was impacted by adverse weather primarily due to effects of Hurricane Matthew in October, among others .SeaWorld Entertainment - Currently exploring potential refinancing of existing senior secured credit facilities in order to "improve" capital structure.  Full Article

Seaworld Entertainment reports preliminary full year 2016 results
Tuesday, 21 Feb 2017 06:58am EST 

Seaworld Entertainment Inc : Seaworld Entertainment Inc reports preliminary full year 2016 results . Sees FY 2016 revenue $1.344 billion . Seaworld Entertainment Inc - total attendance was approximately 22.0 million guests in 2016 . Seaworld Entertainment Inc - expect to exceed high end of 2016 adjusted EBITDA guidance range provided in November 2016 . FY2016 revenue view $1.35 billion -- Thomson Reuters I/B/E/S .Seaworld Entertainment Inc - also exploring a possible debt refinancing transaction in order to improve capital structure.  Full Article

Seaworld entertainment implemented restructuring program
Tuesday, 6 Dec 2016 04:06pm EST 

Seaworld Entertainment Inc : On December 6, 2016, co committed to and implemented restructuring program to reduce costs . Seaworld Entertainment Inc says as a result, company expects to record approximately $9.0 million in pre-tax restructuring charges in Q4 of 2016 . Restructuring charges will reduce company's reported gaap net income for Q4 of 2016 . Seaworld Entertainment Inc says restructuring charges will not impact company's adjusted EBITDA .Seaworld Entertainment Inc - restructuring program involves elimination of approximately 320 positions by end of q4 of fiscal year 2016.  Full Article

SeaWorld adopts food sourcing policy that focuses on animal welfare
Thursday, 29 Sep 2016 11:48am EDT 

SeaWorld Parks & Entertainemnt: SeaWorld adopts food sourcing policy that focuses on animal welfare . All eggs will be sourced from cage-free chickens by end of 2017 . Sourcing policy will mean sustainably harvested food at all 12 parks, including SeaWorld, Busch Gardens, Sesame Place . Company is expanding park menus to include more plant-based options .By end of 2016, will purchase pork cuts from suppliers who have announced a commitment to "humane farming practices".  Full Article

SeaWorld subpoenaed on disclosures about "Blackfish" impact, trading

SeaWorld Entertainment Inc said on Friday it received a subpoena from the U.S. Department of Justice in connection with an investigation over disclosures made about the impact of the "Blackfish" documentary and trading in the company's securities.