(RTTNews) – United Parks & Resorts Inc. (PRKS) reported that its stockholders authorized a $500.0 million buyback authorization. The corporate is permitted to repurchase shares by way of open market purchases, privately-negotiated transactions or in any other case in accordance with relevant federal securities legal guidelines, together with by way of Rule 10b5-1 buying and selling plans and beneath Rule 10b-18 of the Trade Act.

Marc Swanson, CEO of United Parks & Resorts, mentioned: “With our strong balance sheet and significant free cash flow generation, we are excited to be able to take advantage of what we believe to be a very attractive opportunity to invest in the shares of our own Company via a share repurchase and return capital to our stockholders.”

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