Blackstone-Backed SeaWorld Preps $540M IPO

Law360, New York (April 9, 2013, 3:06 PM EDT) -- Blackstone Group LP-backed SeaWorld Entertainment Inc. will seek to raise up to $540 million in an initial public offering and plans to use proceeds from the IPO to help pay down debt, SeaWorld said in a regulatory filing Tuesday.

SeaWorld set the price range for the IPO at $24 to $27 per share. The high end of that range would value the company at roughly $2.5 billion.

SeaWorld and Blackstone will each sell 10 million shares in the IPO, according to an amended prospectus filed with...
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