Moody's Ratings (Moody's) withdrew all of Viad Corp's ("Viad") ratings, including the corporate family rating ("CFR"), the B2-PD probability of default rating ("PDR"), the rating on the senior secured first lien bank credit facility due 2028, and the outlook. Prior to the withdrawal, the ratings wer...
DENVER--(BUSINESS WIRE)-- Pursuit Attractions and Hospitality, Inc (NYSE: PRSU) (“Pursuit”) today announced that it will ring the opening bell at the New York Stock Exchange tomorrow, January 7, 2025, in celebration of Pursuit’s recent rebrand, ticker symbol change and its launch as a pure-play hospitality and attractions company offering high-quality experiences in the world’s most iconic destinations. President and Chief Executive Officer, David Barry, will be joined by members from across the Pursuit organization for the bell ringing event. "This marks the beginning of an important new ch...
JASPER, Alberta--(BUSINESS WIRE)-- Pursuit Attractions and Hospitality Inc. (“Pursuit”) (NYSE: PRSU), announced today that it closed on the previously announced acquisition of the Jasper SkyTram, which is located in Canada’s iconic Jasper National Park. The attraction is one of Jasper’s most recognizable tourism destinations within the globally visited Canadian Rocky Mountain town. “Today, we warmly welcome the Jasper SkyTram to Pursuit,” said Stuart Back, Chief Operating Officer, Banff Jasper Collection by Pursuit. “Led by GM Todd Noble and his strong local team, we are committed to the lon...
SCOTTSDALE, Ariz.--(BUSINESS WIRE)-- Viad Corp (NYSE: VVI) (“Viad”) today announced it has completed the sale of its GES business to Truelink Capital for $535 million and will relaunch as Pursuit Attractions and Hospitality, Inc. (“Pursuit”), a standalone attractions and hospitality company with a singular focus on delivering unforgettable experiences in iconic destinations. The total GES purchase price of $535 million comprises $510 million payable at closing, subject to customary adjustments for GES’ levels of cash, indebtedness, net working capital and transaction expenses, and $25 millio...
SCOTTSDALE, Ariz.--(BUSINESS WIRE)-- Viad Corp (NYSE: VVI) (“Viad” or the “Company”) today announced that it will change its corporate name to Pursuit Attractions and Hospitality, Inc. (“Pursuit”) effective December 31, 2024, and will begin trading under a new NYSE common stock ticker “PRSU” on January 2, 2025. These actions will follow the previously announced sale of Viad’s GES business, which is expected to close on December 31, 2024. Following the sale of GES, the Company’s remaining business, Pursuit, will stand alone as a publicly traded company with a new name and common stock ticker ...
SCOTTSDALE, Ariz.--(BUSINESS WIRE)-- Viad Corp (NYSE: VVI) (“Viad” or the “Company”) today announced that Michael “Bo” Heitz will assume the role of Chief Financial Officer of the Company in March 2025. Heitz joined the Company on December 16, 2024 and is based in Pursuit’s Denver office where he will work in close partnership with Pursuit President and future CEO David Barry and the rest of the Company’s leadership team to support Pursuit’s strategy and growth as a standalone public company following Viad’s sale of its GES business. Ellen Ingersoll, Viad’s Chief Financial Officer since 2002, ...
SCOTTSDALE, Ariz.--(BUSINESS WIRE)-- Viad Corp (NYSE: VVI) (“Viad” or the “Company”) today announced that it achieved the Company’s right to convert (the “Mandatory Conversion”) all of its outstanding shares of Convertible Series A Preferred Stock (the “Preferred Stock”), which carries a dividend of 5.5%, and delivered a notice of Mandatory Conversion to Crestview Partners, the holder of the Preferred Stock. The Company’s Mandatory Conversion right was achieved on December 6, 2024, as a result of Viad’s common stock exceeding a volume-weighted-average price in excess of $42.50 for 20 out of ...
SCOTTSDALE, Ariz.--(BUSINESS WIRE)-- Viad Corp (NYSE: VVI), a leading global provider of extraordinary experiences, including attractions, hospitality, exhibition services, and experiential marketing, today reported results for the 2024 third quarter. Steve Moster, Viad’s President and Chief Executive Officer, commented, “We delivered another quarter of strong operational and financial results at both Pursuit and GES. Outside of Jasper, Pursuit's revenue grew approximately 13% during the quarter from the significant demand for our unforgettable experiences. GES' outperformance was largely dri...
SCOTTSDALE, Ariz.--(BUSINESS WIRE)-- (NYSE: ) announced today that President and Chief Executive Officer Steve Moster and President – Pursuit and Future Chief Executive Officer David Barry will participate in the following upcoming investor conferences: November 13: Deutsche Bank Gaming, Lodging, Leisure & Restaurants One on One Conference – 1 Hotel South Beach in Miami Beach, Florida December 12: Truist Securities Gaming, Lodging, Leisure & Restaurants Summit – Encore Boston Harbor in Everett, Massachusetts December 13: KeyBanc Capital Markets Consumer Spotlight - Virtual An updated ...
Moody's Ratings (Moody's) has placed Viad Corp's ("Viad") ratings under review for upgrade, including the B2 corporate family rating ("CFR"), B2-PD probability of default rating ("PDR"), and B2 ratings on the senior secured first lien bank credit facilities due 2026 and 2028. The speculative grade l...
SCOTTSDALE, Ariz.--(BUSINESS WIRE)-- Viad Corp (NYSE: VVI) (“Viad” or the “Company”), a leading global provider of extraordinary experiences, including attractions, hospitality, exhibition services and experiential marketing, today announced it has entered into a definitive agreement to sell its GES business to Truelink Capital for $535 million. The transaction is expected to close by the end of 2024, subject to regulatory approvals and customary closing conditions. The transaction separates GES, a global exhibition services and experiential marketing business, from Viad’s Pursuit attractions...
SCOTTSDALE, Ariz.--(BUSINESS WIRE)-- (NYSE: ), a leading global provider of extraordinary experiences, including attractions, hospitality, exhibition services, and experiential marketing, announced today that President and Chief Executive Officer Steve Moster and Chief Financial Officer Ellen Ingersoll will host a teleconference with investors and analysts to review third quarter 2024 results. They will be joined by Pursuit President David Barry. Our call will be held on Thursday, November 7, 2024, at 5 p.m. (Eastern Time). We will issue a press release outlining our financial results and out...
JASPER, Alberta--(BUSINESS WIRE)-- Following Parks Canada’s announcement today to reopen the Icefield Parkway, the Columbia Icefield will re-open to visitors on Friday, August 9. Precautionary road restrictions due to Jasper wildfires will be lifted along the Icefield Parkway (Highway 93), stretching from Saskatchewan River Crossing to the Athabasca Glacier area of the Columbia Icefield. This reopening will allow access to the Columbia Icefield via the southern end of this iconic roadway that connects Jasper and Banff national parks, as well as neighboring HI Rampart Creek Wilderness Hostel ...
SCOTTSDALE, Ariz.--(BUSINESS WIRE)-- Viad Corp (NYSE: VVI), a leading global provider of extraordinary experiences, including attractions, hospitality, exhibition services, and experiential marketing, today reported results for the 2024 second quarter. Steve Moster, Viad’s President and Chief Executive Officer, commented, “We delivered very strong second quarter results that exceeded our expectations. Both Pursuit and GES have seen significant demand for our extraordinary experiences and achieved remarkable results. Pursuit's 14% revenue growth during the quarter was largely driven by strong...
SCOTTSDALE, Ariz.--(BUSINESS WIRE)-- (NYSE: ), a leading global provider of extraordinary experiences, including attractions, hospitality, exhibition services, and experiential marketing, announced today that President and Chief Executive Officer Steve Moster and Chief Financial Officer Ellen Ingersoll will host a teleconference with investors and analysts to review second quarter 2024 results. They will be joined by Pursuit President David Barry. Our call will be held on Tuesday, August 6, 2024, at 5 p.m. (Eastern Time). We will issue a press release outlining our financial results and outlo...
SCOTTSDALE, Ariz.--(BUSINESS WIRE)-- Viad Corp (NYSE: VVI), a leading global provider of extraordinary experiences, including attractions, hospitality, exhibition services, and experiential marketing, today announced that it has entered into an agreement to acquire the Jasper SkyTram attraction in Jasper National Park. Subject to approvals by Parks Canada, we expect the transaction to close in July. This press release features multimedia. View the full release here: Jasper SkyTram in Jasper National Park (Photo credit: Jasper SkyTram) Celebrating 60 years of operation, the Jasper SkyTram is o...
SCOTTSDALE, Ariz.--(BUSINESS WIRE)-- Viad Corp (NYSE: VVI), a leading global provider of extraordinary experiences, including attractions, hospitality, exhibition services, and experiential marketing, today announced the promotion of Derek P. Linde to GES President, in addition to his existing role as Viad’s Chief Operating Officer, effective June 3, 2024. Steve Moster, president and chief executive officer of Viad, said, “Derek is a trusted thought leader who has demonstrated his ability to advance our strategic goals through a collaborative approach. Over the past few years, he has been in...
SCOTTSDALE, Ariz.--(BUSINESS WIRE)-- Viad Corp (NYSE: VVI), a leading global provider of extraordinary experiences, including attractions, hospitality, exhibition management services, and experiential marketing, today reported results for the 2024 first quarter. Steve Moster, Viad’s President and Chief Executive Officer, commented, “We delivered solid first quarter results that were in line with our expectations. Pursuit's 14% revenue growth during the seasonally slower quarter was driven by strong attractions performance, including an impressive launch of our new FlyOver Chicago attraction....
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