secwatch.observer — SEC 8-K summary
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Issuer:     Six Flags Entertainment Corp/OLD (—)
CIK:        0000701374
Form:       8-K
Filed at:   2024-05-09T23:59:59+00:00
Accession:  0000701374-24-000020
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Six Flags Q1 revenue down 6%; net loss widens to $83M; season pass sales up double-digits
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- Revenue $133M (-6% YoY); net loss $83M ($0.98 diluted loss) vs $70M loss ($0.84) prior year.
- Adjusted EBITDA loss $26M, wider than $17M loss last year; includes $5M merger-related costs.
- Guest spending per capita fell 8% to $74.35; attendance up 6% to 1.7M visits.
- Completed $850M senior secured notes offering at 6.625% due 2032; used to repay term loan and revolver.
- Shareholders approved Cedar Fair merger; expected close H1 2024 pending antitrust review.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/701374/000070137424000020/0000701374-24-000020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/701374/000070137424000020/six-20240509.htm
  HTML page:      https://secwatch.observer/filing/0000701374-24-000020

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer