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December 11, 2012
15:03 EDTSIXSix Flags expands repurchase plan by $500M in conjunction with note offering
Six Flags Entertainment announced that it has priced $800M of 5.25% senior unsecured notes due 2021 in connection with a private offering that is exempt from registration under the Securities Act of 1933, as amended. In addition, the company has received the requisite lender vote to amend its existing senior secured credit facility to, among other things, reduce the interest rate payable on the Tranche B Term Loans by 25 basis points and permit the company to issue the $800M of senior unsecured notes. In addition, the company announced that its board of directors has approved a plan that allows the company to purchase an incremental $500M of its stock through 2015. The company has $82M available under a plan approved this January, the company said.
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