Viad Corp (NYSE:VVI) entered into an agreement to acquire Glacier Raft Company on March 24, 2022. Viad Corp expects to fund the Glacier Raft Company acquisition using cash on hand and available revolving capacity. Closing, which is subject to customary regulatory approvals, is expected to occur in April 2022.

Viad Corp (NYSE:VVI) completed the acquisition of Glacier Raft Company for $26.5 million on April 6, 2022. This acquisition was funded via cash on hand of approximately $11.5 million and borrowing under our revolving credit facility of $15 million.