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Six Flags Initiates Process to Refinance, Upsize Senior Credit Facilities

June 17, 2015, 07:19 AM
Filed Under: Entertainment

Six Flags Entertainment Corporation, the world's largest regional theme park company, announced it has commenced the refinancing of its senior secured credit facilities with the goal of increasing its term loan B amount by approximately $130 million to $700 million and increasing its revolving credit facility by $50 million to $250 million. The company intends to use the incremental proceeds for general corporate purposes, including share repurchases. The company's previously announced consent solicitation with respect to its 5.25% Senior Notes due 2021 expired without receipt of the requisite consents.

Six Flags Entertainment Corporation is the world's largest regional theme park company with $1.2 billion in revenue and 18 parks across the United States, Mexico and Canada. For 54 years, Six Flags has entertained millions of families with world-class coasters, themed rides, thrilling water parks and unique attractions.

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