#United States #Senior Notes #Broomfield #Vail Resorts #MTN stock

Vail Resorts Announces Senior Notes Offering

Vail Resorts, Inc. (NYSE: MTN) has officially announced its intention to commence a private offering aimed at eligible investors. This offering will comprise $400 million in senior notes that are set to mature in the year 2030. These notes will be issued as unsecured senior obligations and will enjoy guarantees from certain domestic subsidiaries of the company, excluding specific excluded subsidiaries.

Purpose of the Offering

The primary reason behind this offering is to raise funds that will be used to settle outstanding debts. In particular, Vail Resorts intends to utilize the proceeds to repay borrowings under its revolving credit facility incurred due to the recent $200 million stock repurchase completed in June 2025. This also includes plans to either repurchase or repay part of its 0.00% Convertible Senior Notes that are due in 2026 before their maturity date on January 1, 2026. Furthermore, these funds will cover associated fees and expenses related to the offering.

Regulatory Details

It is crucial to note that the notes and the related subsidiary guarantees are being offered exclusively to those considered qualified institutional buyers. This offering is exempt from the registration requirements set forth by the Securities Act of 1933. Additionally, it is also being made available to non-U.S. persons outside of the United States in compliance with Regulation S of the same act. Without registering under the said act or relevant state securities laws, the notes cannot be offered or sold in the United States unless they meet specific exemptions.

Vail Resorts emphasizes that this press release does not equate to an offer for the sale of any security, nor does it solicit an offer to purchase. It explicitly states that any such offerings would be unlawful in jurisdictions where prohibitions against such transactions exist.

The Vail Resorts Network

Vail Resorts operates a substantial network encompassing some of the premier ski resorts worldwide. This includes notable destinations such as Vail Mountain, Breckenridge, Park City Mountain, and Whistler Blackcomb, alongside 32 additional resorts across North America. The company also has a footprint in Switzerland and Australia, owning elegant hotel chains under the RockResorts brand and providing vacation rentals and condominiums in proximity to their mountain resorts.

The company is committed to its EpicPromise, aiming to achieve a zero net operating footprint by 2030, supporting both its employees and local communities while striving to engage more people in the sport of skiing.

Forward-Looking Statements

It's pertinent for readers to remain cautious regarding statements in this release that extend beyond historic data. These statements are classified as forward-looking and carry certain risks and uncertainties that may result in actual outcomes varying significantly from projected figures. Vail Resorts advises against undue reliance on these forward-looking assertions, which are susceptible to changes resulting from unforeseen developments affecting the offering and other financial, operational, and legal challenges.

As part of its corporate strategy, Vail Resorts aims to continue communicating transparently about its financial performance and will regularly update stakeholders related to its initiatives, including this offering.

Conclusion

Vail Resorts' proactive approach in securing funds through the senior notes offering reflects their strategic objectives moving forward. By addressing debts and stock repurchases, the company is positioning itself for continued growth in a competitive market, reinforcing its commitment to providing top-notch experiences for its guests.