Christopher L. Finazzo, Chief Business Officer of United Parks & Resorts Inc. (NYSE:PRKS), lately bought 13,000 shares of the corporate’s widespread inventory. The transaction came about on December 13, 2024, at a value 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 Change Fee.
In different current information, United Parks & Resorts Inc. has made important monetary changes and personnel modifications. The corporate has refinanced its debt with new time period loans totaling roughly $1.54 billion, in accordance with a regulatory submitting. This transfer is aimed toward managing its complete 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.
By way of analyst notes, Mizuho (NYSE:) Securities has revised its outlook for the corporate, lowering the worth goal to $45 as a result of a projected slowdown in park attendance. Then again, B.Riley maintained a Purchase ranking and a value goal of $71 for the corporate, highlighting a rise in revenue-based lease funds for its San Diego park. Nevertheless, 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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