Vail Resorts Announces Pricing of Senior Subordinated Notes Offering (MTN)

Vail Resorts MTN announced today that it has priced its offering of $390 million in aggregate principal amount of 6 1/2% Senior Subordinated Notes due 2019. The offering of the Notes is expected to close on April 25, 2011, subject to certain closing conditions. The net proceeds from the offering of the Notes are expected to be used to fund the previously announced cash tender offer by Vail for any and all of its outstanding 6 3/4% Senior Subordinated Notes due 2014 and to redeem any 2014 Notes not purchased in such tender offer.