Six Flags Entertainment Corporation (NYSE: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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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 (NYSE:SIX)
Six Flags Entertainment Corporation (Six Flags) is a regional theme park operator. The Company operates in the theme parks segment. The Company operates approximately 20 regional theme and water parks. Its parks occupy approximately 4,500 acres of land, and it owns approximately 800 acres of other developable land. Its parks are located in geographically diverse markets across North America. Its parks offer a selection of thrill rides, water attractions, themed areas, concerts and shows, restaurants, game venues and retail outlets. Its parks offer approximately 830 rides, including over 130 roller coasters. The Company’s parks include Six Flags America, Six Flags Discovery Kingdom, Six Flags Fiesta Texas, Six Flags Great Adventure & Safari/ Six Flags Hurricane Harbor, Six Flags Great America, Six Flags St. Louis, Six Flags Magic Mountain/ Six Flags Hurricane Harbor, Six Flags Mexico and Six Flags New England. Six Flags Entertainment Corporation (NYSE:SIX) Recent Trading Information
Six Flags Entertainment Corporation (NYSE:SIX) closed its last trading session up +0.52 at 60.29 with 393,414 shares trading hands.
