Six Flags (SIX) has issued an announcement.
Six Flags Entertainment Corporation, in anticipation of a merger with Cedar Fair, has announced a private offering of Senior Secured Notes worth $850 million, due 2032, to qualified institutional buyers and certain international persons. The proceeds will be allocated to repaying existing debts and supporting general corporate needs, including merger-related costs. The notes, initially guaranteed by Six Flags’ subsidiaries, will extend to Cedar Fair’s subsidiaries post-merger, with both entities merging into HoldCo, the surviving company. This strategic financial move aims to streamline the companies’ financial obligations and assets under a secured interest, contingent on the successful completion of the merger.
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