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April 15, 2020, 8:37 a.m. EDT

Six Flags to offer up to $665 million of bonds to repay debt and fund operations

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By Ciara Linnane

SIX

Theme park operator Six Flags Entertainment Corp. /zigman2/quotes/208050417/composite SIX +5.06% said Wednesday it is offering up to $665 million of senior secured notes. The Grand Prairie, Tx.-based company said proceeds will be used to repay debt and fund operations. The company has got consent from lenders to amend its credit facility to allow for the bond sale and to suspend certain covenants through year-end. It has also put a minimum price floor on partnership parks, which could fall in value after parks were forced to close during the coronavirus pandemic.

/zigman2/quotes/208050417/composite
US : U.S.: NYSE
$ 20.97
+1.01 +5.06%
Volume: 1.85M
Sept. 25, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$1.78 billion
Rev. per Employee
$609,878
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