SEC Contract Filing

Filing Date: 2017-04-04

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>d367150dex101.htm
<DESCRIPTION>EX-10.1
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<TITLE>EX-10.1</TITLE>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.1 </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">EXECUTION VERSION </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman"><B>AMENDMENT
No.&nbsp;8</B>, dated as of March&nbsp;31, 2017 (this &#147;<U>Amendment</U>&#148;), to the Credit Agreement, dated as of December&nbsp;1, 2009, among SEAWORLD PARKS&nbsp;&amp; ENTERTAINMENT, INC., a Delaware corporation (the
&#147;<U>Borrower</U>&#148;), the several banks and other financial institutions or entities from time to time parties to the Credit Agreement (the &#147;<U>Lenders</U>&#148;), BANK OF AMERICA, N.A., as Administrative Agent (the
&#147;<U>Administrative Agent</U>&#148;) and Collateral Agent (the &#147;<U>Collateral Agent</U>&#148;), BANK OF AMERICA, N.A., as L/C Issuer and Swing Line Lender, MERRILL LYNCH, PIERCE, FENNER&nbsp;&amp; SMITH INCORPORATED, JPMORGAN CHASE BANK,
N.A., FIFTH THIRD BANK, GOLDMAN SACHS BANK USA, KEYBANK NATIONAL ASSOCIATION, RBC CAPITAL MARKETS<SUP STYLE="font-size:85%; vertical-align:top">1</SUP>, BARCLAYS BANK PLC and CITIGROUP GLOBAL MARKETS INC., as Joint Lead Arrangers and as Joint
Bookrunners, and FIFTH THIRD BANK, GOLDMAN SACHS BANK USA, KEYBANK NATIONAL ASSOCIATION, RBC CAPITAL MARKETS, BARCLAYS BANK PLC and CITIGROUP GLOBAL MARKETS INC., as Documentation Agents (as amended by Amendment No.&nbsp;1, dated as of
February&nbsp;17, 2011, as further amended by Amendment No.&nbsp;2, dated as of April&nbsp;15, 2011, as further amended by Amendment No.&nbsp;3, dated as of March&nbsp;30, 2012, as further amended by Amendment No.&nbsp;4, effective as of
April&nbsp;24, 2013, as further amended by Amendment No.&nbsp;5, dated as of May&nbsp;14, 2013, as further amended by Amendment No.&nbsp;6, dated as of August&nbsp;9, 2013, as further amended by Amendment No.&nbsp;7, dated as of March&nbsp;30, 2015,
and as further amended, restated, modified and supplemented from time to time, the &#147;<U>Credit Agreement</U>&#148;); capitalized terms used and not otherwise defined herein shall have the meanings assigned to such terms in the Credit Agreement.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Borrower desires to (i)&nbsp;incur Replacement Revolving Commitments in accordance with Section&nbsp;2.17 of the Credit
Agreement to replace the entire existing Tranche 2 Revolving Credit Facility with a new Tranche 3 Revolving Credit Facility maturing five years from the Amendment No.&nbsp;8 Effective Date (as defined below), (ii)&nbsp;incur (x)&nbsp;Extended Term
Loans in accordance with Section&nbsp;2.16 of the Credit Agreement to extend up to the entire amount of the existing Term B-2 Loans (the &#147;<U>Term B-2 Extension</U>&#148;) and (y)&nbsp;substantially concurrently with, but immediately following
the Term B-2 Extension, Refinancing Term Loans in accordance with Section&nbsp;2.15 of the Credit Agreement to refinance the entire amount of the existing Term B-3 Loans and to refinance a portion of the existing Term B-2 Loans (after giving effect
to the Term B-2 Extension) and (iii)&nbsp;substantially concurrently with, but immediately following, the transactions described in clauses (i)&nbsp;and (ii)&nbsp;above, make certain amendments to the Credit Agreement in accordance with
Section&nbsp;10.01 of the Credit Agreement, in each case on the terms set forth herein; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Extended Term Loans and Refinancing
Term Loans shall consist of new Term B-5 Loans (as defined in <U>Exhibit A</U>) maturing seven years from the Amendment No.&nbsp;8 Effective Date in an aggregate principal amount of $998.3 million; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">WHEREAS, (i)&nbsp;each Person party hereto as a Tranche 3 Revolving Credit Lender (each a &#147;<U>Tranche 3 Revolving Credit
Lender</U>&#148;) has agreed, on the terms and conditions set forth herein, to provide a Tranche 3 Revolving Credit Commitment (as defined in <U>Exhibit A</U>) in the principal amount set forth next to such Tranche 3 Revolving Credit Lender&#146;s
name on <U>Schedule I</U> hereto effective as of the Amendment No.&nbsp;8 Effective Date and (ii)&nbsp;upon the establishment of such Tranche 3 Revolving Credit Commitments, the entire amount of the Tranche 2 Revolving Credit Commitments shall be
terminated; </P> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:10%">&nbsp;</P>
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<TD WIDTH="2%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">1</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">RBC Capital Markets is a brand name for the capital markets businesses of Royal Bank of Canada and its affiliates. </TD></TR></TABLE>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">WHEREAS, each Term B-2 Lender (a &#147;<U>Converting Term B-2 Lender</U>&#148;) that has provided
an executed conversion election in the form set forth as <U>Exhibit B</U> hereto has agreed, on the terms and conditions set forth herein, to have the entire amount of its outstanding Term B-2 Loans replaced with a Term B-5 Loan in an amount eq