On January 22, 2024, SeaWorld Parks & Entertainment, Inc. entered into an amendment (amendment) for its existing first lien term loan facility under that certain Amended and Restated Credit Agreement, dated as of August 25, 2021 (as amended on June 9, 2022 and June 12, 2023), among SeaWorld Entertainment, Inc. (Company), SeaWorld Parks & Entertainment, Inc., the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent and collateral agent. After giving effect to the Amendment, including the incurrence of an aggregate principal amount of approximately $1.173 million of Term B-2 Loans under the Credit Agreement (the ?New Term Loans?) to refinance the existing Term B Loans under the Credit Agreement (the ?Term B Loans?), the New Term Loans will be subject to the same affirmative and negative covenants and events of default as the Term B Loans. Borrowings under the New Term Loans bear interest at a fluctuating rate per annum equal to, at the Borrower?s option, (i) ABR (provided that in no event shall such ABR rate with respect to the New Term Loans be less than 1.50% per annum) plus an applicable margin equal to 1.50% or (ii) Adjusted Term SOFR (provided that in no event shall such Adjusted Term SOFR rate with respect to the New Term Loans be less than 0.50%) plus an applicable margin equal to 2.50%.

The New Term Loans require scheduled amortization payments on the term loans in quarterly amounts equal to 0.25% of the original principal amount of the New Term Loans, payable quarterly, with the balance to be paid at maturity on August 25, 2028. The lenders under the New Term Loans and their respective affiliates have in the past engaged, and may in the future engage, in transactions with and perform services, including commercial banking, financial advisory and investment banking services, for the Company and its affiliates in the ordinary course of business for which they have received or will receive customary fees and expenses.