SeaWorld Entertainment, a leading theme park and entertainment company, announced that its Board of Directors approved a replenishment of $228.2 million to the company’s previously authorized share repurchase program, bringing the total amount authorized for future share repurchases back up to $250.0 million.
Under the Share Repurchase Program, the company is authorized to repurchase shares through open market purchases, privately-negotiated transactions or otherwise in accordance with applicable federal securities laws, including through Rule 10b5-1 trading plans and under Rule 10b-18 of the Exchange Act.
The Share Repurchase Program has no time limit and may be suspended or discontinued completely at any time. The number of shares to be purchased and the timing of purchases will be based on the company’s trading windows and available liquidity, general business and market conditions, and other factors, including legal requirements, debt covenant restrictions and alternative investment opportunities.
