---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-056058"
form_type: "8-K"
ticker: null
cik: "0000701374"
company_name: "Six Flags Entertainment Corp/OLD"
filed_at: "2023-05-04T23:59:59+00:00"
generated_at: "2026-06-15T23:26:23.998364+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Six Flags issues $800M 7.25% notes due 2031, extends revolver to $500M, repurchases 92.85% of 2024 notes

## Summary
- Issued $800M aggregate principal of 7.250% Senior Notes due May 15, 2031; proceeds to repurchase 2024 notes.
- Revolving credit facility upsized from $350M to $500M, maturity extended to May 2028; LIBOR replaced with Term SOFR.
- Tender offer expired with $881.6M (92.85%) of 4.875% notes due 2024 validly tendered; purchased at $1,000.50 per $1,000 principal plus accrued interest.
- New covenant: maximum senior secured leverage ratio steps down from 4.50x to 3.75x by Sept 2024.
- Notes are senior unsecured, guaranteed by certain subsidiaries, rank effectively junior to secured debt.

## SEC filing metadata
- accession: 0001104659-23-056058
- form_type: 8-K
- cik: 0000701374
- company_name: Six Flags Entertainment Corp/OLD
- filed_at: 2023-05-04T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/701374/000110465923056058/0001104659-23-056058-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/701374/000110465923056058/tm238950d2_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-056058
- JSON: https://secwatch.observer/filing/0001104659-23-056058.json
- Plain text: https://secwatch.observer/filing/0001104659-23-056058.txt

## Key facts
- Debt Financings
  Six Flags Entertainment Corp/OLD incurred senior notes of $800,000,000 with U.S. Bank Trust Company, National Association at 7.250% per annum maturing May 15, 2031.
  - Instrument: senior notes
  - Principal: $800,000,000
  - Counterparty: U.S. Bank Trust Company, National Association
  - Rate: 7.250% per annum
  - Maturity: May 15, 2031
  - Event: incurrence
  source text: On May 3, 2023, Six Flags Entertainment Corporation (the “Company”) issued $800,000,000 of its 7.250% Senior Notes due 2031 (the “Notes”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/701374/000110465923056058/0001104659-23-056058-index.htm
- Material Agreements
  Six Flags Entertainment Corp/OLD amended Amendments with Six Flags Operations Inc., Six Flags Theme Parks Inc. (the “Borrower”) and the subsidiary guarantors valued at $500 million (effective 2023-05-03).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Six Flags Operations Inc., Six Flags Theme Parks Inc. (the “Borrower”) and the subsidiary guarantors
  - Value: $500 million
  - Effective: 2023-05-03
  source text: the Company, Six Flags Operations Inc., Six Flags Theme Parks Inc. (the “Borrower”) and the subsidiary guarantors entered into two amendments (the “Amendments”) to their existing second amended and restated senior secured credit facility
  evidence_url: https://www.sec.gov/Archives/edgar/data/701374/000110465923056058/0001104659-23-056058-index.htm
- Material Agreements
  Six Flags Entertainment Corp/OLD entered into Indenture with U.S. Bank Trust Company, National Association valued at $800,000,000 (effective 2023-05-03).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: U.S. Bank Trust Company, National Association
  - Value: $800,000,000
  - Effective: 2023-05-03
  source text: on May 3, 2023, Six Flags Entertainment Corporation (the “Company”) issued $800,000,000 of its 7.250% Senior Notes due 2031 (the “Notes”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/701374/000110465923056058/0001104659-23-056058-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.