Company: PRSU
Filing Date: 2025-01-07
Form Type: 8-K
Source: 0000950170-25-002962
Chunk: 2

Company: Pursuit Attractions & Hospitality, Inc.
Filing Date: 2025-01-07
Form: 8-K
Item: Item 2.01
Chunk 2
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Item 2.01.

Completion of Acquisition or Disposition of Assets.

On December 31, 2024 (the “ Closing Date”), the Company completed the previously announced sale of its GES business (“ GES”) to TL Voltron Purchaser, LLC, a Delaware limited liability company (“ Buyer”), pursuant to the Equity Purchase Agreement (the “ Purchase Agreement”), dated as of October 20, 2024 (such transaction, the “ Transaction”). Pursuant to the Purchase Agreement, Buyer acquired GES for aggregate consideration of $535 million, consisting of a base purchase price of $510 million, subject to customary adjustments for cash, indebtedness, working capital and transaction expenses, each as set forth in the Purchase Agreement, and a deferred purchase price of $25 million payable by Buyer to the Company one year after the Closing Date.

The foregoing description of the Purchase Agreement does not purport to be complete and is qualified in its entirety by reference to Exhibit 2.1 to the Company’s Current Report on Form 8-K filed on October 21, 2024.

Item 2.03. Creation of a Direct Financial Obligation or an Obligation Under an Off-Balance Sheet Arrangement of a Registrant.

The information set forth in Item 1.01 is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.