SeaWorld Now Sees 2016 Revenue Of $1.344 Bln, Mulls Debt Refinancing

By Ciara LinnaneMarketsMarketWatch Pulse

SeaWorld Entertainment Inc. said Tuesday it expects 2016 reveneu of about $1.344 billion, just below the FactSet consensus of $1.345 billion. The theme park operator offered the preliminary guidance in connection with a potential debt refinancing and said it will report final fourth-quarter and full-year earnings on Feb. 28. The company said it expects 2016 attendance of about 22 million guests, matching the FactSet consensus. "We are also exploring a possible debt refinancing transaction in order to improve our capital structure by extending maturities and improving certain other terms of our debt," Chief Executive Joel Manby said in a statement. Shares were not yet active premarket, but have gained 1.1% in the last 12 months, underperforming the S&P 500 , which has gained 22%.

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