United Parks & Resorts Inc. in its amendment to the Stockholders Agreement with Hill Path Capital

On February 28, 2024, United Parks & Resorts Inc. announced that, based on the recommendation of a Special Committee of its Board of Directors, it had entered into an amendment to the Stockholders Agreement with Hill Path Capital in connection with the Board of Directors’ approval of a new share repurchase program.  Both the amendment and the share repurchase program are subject to approval by a majority of the Company’s voting shares not owned or controlled by Hill Path or its affiliates.

Wachtell, Lipton, Rosen & Katz is serving as counsel to the Special Committee of the Board of Directors of United Parks & Resorts Inc.