Vail Resorts (MTN) has released an update.
Vail Resorts, Inc. has launched a private offering targeting eligible buyers, aiming to raise $600 million through senior notes due 2032 to fund the redemption of their existing $600 million 6.250% Senior Notes maturing in 2025. The offering and guarantees from certain subsidiaries will be offered without registration under the Securities Act, available only to qualified institutional buyers and non-U.S. persons in compliance with specific regulations. This strategic financial move is part of the company’s broader vision of providing exceptional experiences at their world-renowned ski resorts and achieving a zero net operating footprint by 2030.
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