Six Flags Entertainment Corporation (NASDAQ:SIX) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01
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Entry into a Material Definitive Agreement.
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On December 20, 2016, Six Flags Entertainment Corporation amended
its existing senior secured credit facility (the “Amendment”) to
(i) reduce the interest rate on the remaining borrowings under
its Term Loan B by 25 basis points reducing the rate of 2.50
percent plus LIBOR to 2.25 percent plus LIBOR, with the
elimination of the minimum LIBOR rate requirement, and (ii) renew
the 1.00% prepayment premium applicable, under certain
circumstances, to the Term Loan B to six months from the
effective date of the Amendment. The foregoing description of the
Amendment is qualified in its entirety by reference to the
complete text of the Amendment filed as Exhibit 10.1 and
incorporated herein by reference.
its existing senior secured credit facility (the “Amendment”) to
(i) reduce the interest rate on the remaining borrowings under
its Term Loan B by 25 basis points reducing the rate of 2.50
percent plus LIBOR to 2.25 percent plus LIBOR, with the
elimination of the minimum LIBOR rate requirement, and (ii) renew
the 1.00% prepayment premium applicable, under certain
circumstances, to the Term Loan B to six months from the
effective date of the Amendment. The foregoing description of the
Amendment is qualified in its entirety by reference to the
complete text of the Amendment filed as Exhibit 10.1 and
incorporated herein by reference.
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Item 9.01
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Financial Statements and Exhibits.
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(d)
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Exhibits
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10.1
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Second Amendment to Amended and Restated Credit Agreement,
dated as of December 20, 2016, among Six Flags Entertainment Corporation, Six Flags Operations Inc., Six Flags Theme Parks Inc., the Subsidiary Guarantors (as defined therein) from time to time party thereto, the Lenders (as defined therein) from time to time party thereto and Wells Fargo Bank, National Association, as administrative agent |
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99.1
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Press Release of Six Flags Entertainment Corporation, dated
December 20, 2016 |
About Six Flags Entertainment Corporation (NASDAQ:SIX)