Six Flags Entertainment Corp/OLD: debt financing — Six Flags closes $850M offering of 6.625% Senior Secured Notes due 2032

Six Flags Entertainment Corp/OLD

Issued $850M aggregate principal amount of 6.625% Senior Secured Notes due May 1, 2032.
Net proceeds to repay existing term loan, revolver, and $165M of 7.000% Senior Notes due 2025.
Notes are senior secured, guaranteed by certain subsidiaries; covenants restrict additional debt, liens, and dividends.
SFTP issued redemption notice for $165M of existing 7% notes due 2025, redeemable July 1, 2024 at par plus accrued interest.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Six Flags Entertainment Corp/OLD incurred senior notes of $850.0 million with U.S. Bank Trust Company, National Association at 6.625% per annum maturing May 1, 2032.

Instrument: senior notes
Principal: $850.0 million
Counterparty: U.S. Bank Trust Company, National Association
Rate: 6.625% per annum
Maturity: May 1, 2032
Event: incurrence

Exact text from the filing

On May 2, 2024, Six Flags Entertainment Corporation (“Six Flags,” “we,” “us” or “our”) and Six Flags Theme Parks Inc. (“SFTP”) issued, as co-issuers, an aggregate principal amount of $850.0 million of 6.625% Senior Secured Notes due 2032 (the “Notes”).

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Six Flags Entertainment Corp/OLD entered into Indenture with U.S. Bank Trust Company, National Association valued at $850.0 million (effective 2024-05-02).

Action: entry
Agreement: notes offering
Counterparty: U.S. Bank Trust Company, National Association
Value: $850.0 million
Effective: 2024-05-02

Exact text from the filing

The Notes were issued pursuant to an indenture, dated as of May 2, 2024 (the “Indenture”), among Six Flags, SFTP, each of the guarantors party thereto and U.S. Bank Trust Company, National Association, as trustee and collateral agent.

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312 debt financings filed in the last 30 days. Browse all debt financings →

Source: SEC EDGAR

accession 0001193125-24-128554

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