Six Flags Increases Revolving Credit Facility to $481 Million to Provide Additional Liquidity and Financial Flexibility
Six Flags Entertainment Corporation New (SIX)
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Source: Business Wire
Company Provides Business Update; Withdraws Full Year 2020 Financial Guidance;Suspends Quarterly Dividend and Postpones May 28 Investor Day GRAND PRAIRIE, Texas--(BUSINESS WIRE)--Six Flags Entertainment Corporation (NYSE: SIX), the world’s largest regional theme park company and the largest operator of waterparks in North America, today announced that certain of the company’s revolving credit lenders agreed to provide an incremental $131 million of revolving credit commitments to its senior secured revolving credit facility, increasing the facility from $350 million to $481 million.1“The increase in our revolving credit facility, combined with actions we have taken to reduce operating expenses and capital expenditures, provides us with significant runway to operate in this uncertain environment,” said Mike Spanos, President and CEO. “I am extremely proud of our team members’ commitment to successfully navigate through this challenging period. We are confident that our resilient tea
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