Vail Resorts has raised $390 million through the sale of senior subordinated notes. The 2019 notes are senior subordinated obligations of Vail and carry a coupon rate of 6.50%. The ski resorts owner intends to use the proceeds to fund its previously announced cash tender offer. BofA Merrill Lynch is acting as the dealer manager and solicitation agent, while Global Bondholder Services is acting as the depositary and information agent for the tender offer and the consent solicitation.
Click here for the release from PR Newswire.