Six Flags Prices $1 Billion Notes at 8.625% to Refinance Debt and Back 2026 Turnaround

Overview

• Six Flags sold $1.0 billion of senior notes due 2032, using proceeds to retire 2027 maturities and to fund its two‑year “Great Reset” investment plan.
• The refinancing replaces older debt at roughly 5.3%–5.5% with 8.625% paper, lifting annual interest expense by about $30 million, according to reporting.
• Management is shifting to a volume-first model for 2026 with earlier, more discounted season passes and targeted upgrades to drive guest visits and in‑park spending.
• The company is pursuing $120 million to $180 million in cost synergies and exploring sales of non‑core assets that reports say could raise more than $200 million.
• Coverage cites continued attendance weakness and a post‑merger debt load reported around $5.2 billion, making a solid 2026 season pivotal to stabilize credit metrics.