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SELECTED TRANSACTION DETAILS
Wells Fargo Agents $1.15B in Credit Facilities to Six Flags Entertainment
Wednesday, April 17, 2019

Lenders/Participants Wells Fargo Bank [Administrative Agent, Issuing Lender, Swing Line Lender]
Wells Fargo Securities [Joint Lead Arranger, Joint Bookrunner]
Merrill Lynch [Joint Lead Arranger, Joint Bookrunner]
Barclays Bank [Co-Documentation Agent, Joint Bookrunner]
JPMorgan Chase Bank [Co-Documentation Agent]
Compass Bank [Co-Documentation Agent]
HSBC Bank USA [Co-Documentation Agent, Joint Bookrunner]
PNC Bank [Co-Documentation Agent]
Bank of America [Co-Syndication Agent]
Structure $350MM Revolver; $800MM Term Loan
Amount $1.150 Billion
Borrower(s) Six Flags Entertainment Corporation
Description Company has entered into a new 7-year $800 million senior secured term loan facility and 5-year $350 million senior secured revolving credit facility. The proceeds will be used to refinance the $584 million outstanding Term Loan B under the company’s prior credit facilities, to pay off the balance of the prior revolving credit facility, and for general corporate purposes, including share repurchases and payment of refinancing fees.The company’s borrowing rate for the new term loan will be LIBOR plus 200 basis points with a Zero floor on the LIBOR rate. In addition, the agreement provides the company with more flexible covenants. As a result of the refinancing, the company now has no debt maturities prior to 2024.
Industry Entertainment
Location TX
Related Tags Bank of America, Barclays Bank, Compass Bank, Goldman Sachs Bank, HSBC Bank, JPMorgan Chase Bank, Merrill Lynch, PNC Bank, Wells Fargo Bank, Wells Fargo Securities




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