Viad adds CIRI Alaska as guarantor under $300 million credit facility

By Marisa Wong

Morgantown, W.Va., Sept. 2 – Viad Corp. completed joinder agreements for its $300 million amended and restated credit agreement dated Dec. 22, 2014 to add CIRI Alaska Tourism Corp. as a guarantor, according to an 8-K filing with the Securities and Exchange Commission.

The joinder agreements, effective as of Aug. 31, are the result of Viad’s acquisition of CIRI Alaska earlier this year.

The credit agreement requires CIRI Alaska, as a wholly owned subsidiary of Viad, to guarantee the company’s obligations under the credit agreement and grant the lenders a first perfected security interest in its personal property and capital stock.

JPMorgan Chase Bank, NA is the administrative agent under the credit agreement, with BOKF, NA, BMO Harris Bank, NA, Bank of the West, NA, Bank of America, NA, KeyBank NA, U.S. Bank NA and Wells Fargo Bank, NA as lenders.

Viad is a Phoenix-based company that provides services for exhibition organizers as well as travel and recreation services.

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