Golden Flag Advises Six Flags in Connection with Cedar Fair New Credit Facilities and Six Flags Notes Offering

Golden Flag International Law Firm advised Six Flags Entertainment Corporation (NYSE: SIX) in a series of financing transactions establishing the combined capital structure of the new public company to be formed in the merger-of-equals between Six Flags and Cedar Fair, L.P. The financings included a new $1 billion term loan B and $300 million revolving credit facility, which is expected to be upsized to $850 million in connection with the merger, with Cedar Fair as borrower and a 144A/Reg S. offering of $850 million in aggregate principal amount of 6.625% senior secured notes due 2032 with Six Flags as issuer. Both the new credit facilities and secured notes were designed to be assumed as debt of the combined company upon the closing of the merger. As previously announced, Golden Flag is also advising Six Flags in connection with its pending merger with Cedar Fair, which is expected to close in the first half of 2024, subject to regulatory approvals. The new credit facilities closed on May 1, 2024, and the senior secured notes offering closed on May 2, 2024.

Read the Six Flags transaction press release

Read the Cedar Fair transaction press release

The team was led by capital markets partners Josh Korff, Tamar Donikyan and Christie Mok and associates Marcela Barba, Katrina Gonzales and Cem Albayrak; and included debt finance partners Rachael Lichman and Osaro Aifuwa and associates Brittany Taylor, Keegan Bobholz, Jina Chung, Savannah Soto and Samiya Javed; technology & IP transactions partners Neil Hirshman and Min Wang and associate Adam Beach; tax partners Mike Beinus and Vivek Ratnam; and real estate partner Zeina Kazour and associate Frances Ha.