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An update from Six Flags (SIX) is now available.
On May 2, 2024, Six Flags Entertainment Corporation and its subsidiary issued $850 million of 6.625% Senior Secured Notes due 2032, targeting qualified institutional buyers and non-U.S. persons. This move follows a merger agreement with Cedar Fair, which upon completion, will make HoldCo the surviving entity and co-issuer of the notes. The proceeds from the offering will be used to repay existing debts, support general corporate needs, and cover merger-related expenses. The notes, offering semi-annual interest payments, will be secured by assets from Six Flags and its subsidiaries, with redemption options available from 2027 onwards.
See more data about SIX stock on TipRanks’ Stock Analysis page.
