Six Flags lacks consents to allow debt financing plans under 5¼% notes

By Susanna Moon

Chicago, June 16 – Six Flags Entertainment Corp. lacked the needed consents to amend its 5¼% senior notes due 2021 in the solicitation ended at 5 p.m. ET on June 15, according to a company press release.

Six Flags said on June 8 that it began a consent solicitation to amend the note indenture to allow it to make restricted payments of up to $400 million using the proceeds from a possible future unsecured debt financing.

Holders who delivered consents would have received a fee of $7.50 per $1,000 principal amount of notes.

In order to make the changes, Six Flags needed consents from holders of a majority of the notes, as previously announced.

BofA Merrill Lynch (888 292-0070 or 980 388-3646) and Wells Fargo Securities, LLC (866 309-6316 or 704 410-4760) are solicitation agents. D.F. King & Co., Inc. (212 269-5550 for bankers and brokers, 800 331-5963 for others) is tabulation agent and information agent.

Six Flags is a Grand Prairie, Texas, operator of regional theme parks.

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