Pursuit Enhances Liquidity for Accelerated Growth with Upsized Credit Facility
Pursuit Attractions and Hospitality, Inc. (PRSU)
Company Research
Source: Business Wire
DENVER--(BUSINESS WIRE)--Pursuit Attractions and Hospitality, Inc. (“Pursuit”) (NYSE: PRSU), announced that it has amended its 2025 Credit Facility, dated January 3, 2025, to increase the borrowing capacity on its revolving credit facility by $100 million (to a total of $300 million) and extend the term by approximately nine months (to September 25, 2030).David Barry, Pursuit’s President and Chief Executive Officer, commented, “This upsized revolving credit facility meaningfully enhances our financial flexibility, allowing us to accelerate execution of our Refresh, Build, Buy strategy. With a strong balance sheet, a robust pipeline of acquisition opportunities, and over $250 million of identified organic growth investments, Pursuit is well-positioned to drive sustained shareholder value and capitalize on strategic growth opportunities.”The terms of the amended credit agreement also increased the maximum net leverage ratio to 3.0x (from 2.5x), removed the additional 10 basis point
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- Pursuit Attractions and Hospitality (NYSE:PRSU) had its "hold (c+)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Pursuit Attractions and Hospitality (NYSE:PRSU) had its price target raised by analysts at Stifel Nicolaus from $42.00 to $43.00. They now have a "buy" rating on the stock.MarketBeat
- Pursuit Attractions and Hospitality (NYSE:PRSU) had its "outperform" rating reaffirmed by analysts at Oppenheimer Holdings, Inc..MarketBeat
- Pursuit Attractions and Hospitality (NYSE:PRSU) was given a new $42.00 price target on by analysts at Stifel Nicolaus.MarketBeat
- Pursuit Reports 2025 Third Quarter ResultsBusiness Wire