ARLINGTON, Texas–(BUSINESS WIRE)–Six Flags Entertainment Corporation (NYSE: SIX), the world’s largest regional theme park company and the largest operator of water parks in North America, today announced that it intends to offer up to $800 million aggregate principal amount of senior notes in a private offering. The Company intends to use the net proceeds from this offering, together with other available cash, including borrowings under its revolving credit facility, to repurchase any and all of its outstanding $949.5 million principal amount of 4.875% senior unsecured notes due 2024 pursuant to a tender offer separately announced today and pay related fees and expenses. To the extent less than $800 million of 2024 Notes are purchased in the tender offer, the Company will redeem an amount of 2024 Notes such that $800 million are being retired. This press release does not constitute a notice of redemption of the 2024 Notes.
The Notes
The notes will be guaranteed on a senior unsecured basis by each of our current and future wholly-owned domestic subsidiaries that guarantee our senior secured credit agreement, subject to certain exceptions, and Six Flags Theme Parks Inc., the borrower under our senior secured credit agreement.
The notes will not be registered under the Securities Act of 1933, as amended (“Securities Act”), or the securities laws of any other jurisdiction, and will not be offered or sold in the U.S. or to U.S. persons absent registration or an applicable exemption from the registration requirements. The offering of the notes will be made only to persons reasonably believed to be qualified institutional buyers in accordance with Rule 144A under the Securities Act and to non-U.S. persons in accordance with Regulation S under the Securities Act.
This press release is for informational purposes only and does not constitute an offer to sell, or a solicitation of an offer to buy, any security. No offer, solicitation, or sale will be made in any jurisdiction in which such an offer, solicitation, or sale would be unlawful. Any offers of the notes will be made only by means of a private offering memorandum.
About Six Flags Entertainment Corporation
Six Flags Entertainment Corporation is the world’s largest regional theme park company with 27 parks across the United States, Mexico and Canada. For 62 years, Six Flags has entertained hundreds of millions of guests with world-class coasters, themed rides, thrilling water parks and unique attractions. Six Flags is committed to creating an inclusive environment that fully embraces the diversity of our team members and guests.
