Vail Resorts, Inc. announced on June 30, 2025, the pricing of its senior notes offering, which was upsized to $500 million in aggregate principal amount from the originally announced $400 million. The notes, bearing an interest rate of 5.625%, are due in 2030 and were priced at par.
The offering is expected to close on July 2, 2025, subject to customary closing conditions. The notes will be unsecured senior obligations of the company and guaranteed by certain domestic subsidiaries.
Vail Resorts intends to use the proceeds from this offering to repay borrowings under its revolving credit facility, which were incurred to fund a $200 million share repurchase completed in June 2025. Additionally, proceeds will be used for the repurchase or repayment of a portion of its outstanding 0.00% Convertible Senior Notes due 2026, enhancing the company's financial flexibility and capital structure.
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