Six Flags will not exercise option to acquire Six Flags Over Texas interests

Six Flags (FUN) announced it will not exercise its contractual call option to acquire the remaining non-controlling partner interests in Six Flags Over Texas, located in Arlington, Texas, as provided under the existing partnership agreement governing the park. Under the terms of the agreement, Six Flags was required to notify the partnership no later than December 31, 2025, regarding its intent to exercise the option, which would have resulted in a payment due in January 2028. The company has determined it is currently not in its best interest to exercise the call option. “After careful consideration of the terms of the partnership agreement and the strategic objectives of the Company, we have determined not to exercise the call option with respect to Six Flags Over Texas,” said John Reilly, president and CEO of Six Flags. “This was a difficult and deliberate decision. Six Flags Over Texas is a foundational park in our system and a prized asset within our portfolio. While the contractual terms do not currently align with our capital allocation priorities, we remain deeply committed to the long-term success of the park and believe it has a bright future as part of the Six Flags portfolio.” Six Flags will continue to operate and manage Six Flags Over Texas pursuant to the existing partnership agreement.