SeaWorld to offer $227.5 million of senior secured notes in private deal

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SeaWorld Entertainment Inc. said Tuesday it is offering $227.5 million of first-priority senior secured notes that mature in 2025 in a private deal. Proceeds will be used for working capital and other general corporate purposes, including amending a credit agreement. Shares were down 1% premarket but have fallen 66% in the year to date, while the S&P 500 has fallen 13%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.