Company: PRSU
Filing Date: 2025-07-08
Form Type: 8-K
Source: 0001193125-25-156629
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Company: Pursuit Attractions & Hospitality, Inc.
Filing Date: 2025-07-08
Form: 8-K
Item: Item 1.01
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Item 1.01      Entry into a Material Definitive Agreement.  

On July 1, 2025, Pursuit Attractions and Hospitality, Inc. (the “ Company”) entered into a Share Purchase Agreement (the “ Purchase Agreement”) with the shareholders of Inversiones Turísticas Arenal, S. A. (“ ITA”) named therein, pursuant to which the Company acquired all of the issued and outstanding shares of ITA (the “ Acquisition”). ITA is the owner and operator of Tabacón Thermal Resort and Spa in Arenal, Costa Rica.

The purchase price for the Acquisition was $111.0 million in cash, subject to post-closing adjustments for indebtedness, deferred revenue, working capital and amounts retained in an escrow account to secure post-closing indemnification claims and liabilities of the Company arising out of breaches of representations, warranties and covenants by ITA and other specified matters in the Purchase Agreement. The Company funded the purchase price for the Acquisition with borrowings under its revolving credit facility.

The Purchase Agreement contains customary representations, warranties and covenants by the Company and ITA that are subject, in some cases, to specified exceptions and qualifications contained in the Purchase Agreement. In addition, the Company’s recourse against the ITA shareholders following closing with respect to indemnification claims is subject to deductibles, caps and other limitations set forth in the Purchase Agreement.

The Purchase Agreement is filed as Exhibit 10.1 to this Current Report on Form8-Kand incorporated herein by reference. The foregoing summary has been included to provide investors and securityholders with information regarding the terms of the Purchase Agreement, does not purport to be complete and is subject to, and is qualified in its entirety by, the full text, terms and conditions of the Purchase Agreement. It is not intended to provide any other factual information about the Company or ITA or to modify or supplement any factual disclosures about the Company in its public reports filed with the U. S. Securities and Exchange Commission (the “ SEC”). The Purchase Agreement includes typical representations, warranties and covenants of the parties thereto made solely for purposes of the Purchase Agreement and which may be subject to important qualifications and limitations agreed to by the parties thereto in connection with the negotiated terms of the transaction and the Purchase Agreement. Moreover, some of those representations and warranties may not be accurate or complete as of any specified date, may be modified in important part by the underlying disclosure schedules which are not filed publicly, may be subject to a contractual standard of material