M&A: Six Flags Entertainment Corporation/NEW

Form Type: 8-K

Filing Date: 2024-12-23

Corporate Action: Acquisition

Type: New

Accession Number: 000119312524284176

Comments: On December 17, 2024, Six Flags, Inc., a wholly-owned subsidiary of Six Flags Entertainment Corporation, notified SFOG Acquisition B, L.L.C. of the exercise of an end-of-term option under the Overall Agreement signed on February 15, 1997. This notice pertains to Six Flags Over Georgia and directs the Georgia Purchaser to require the Fund to redeem all limited partnership units of the Fund not owned by affiliates of Six Flags by January 12, 2027. The redemption price is based on the partnership's previously agreed value, which was $250 million, adjusted according to the Consumer Price Index (CPI) since the agreement's inception. As of December 31, 2023, this adjusted value was $483.5 million, with $332.6 million owed to the limited partner of SFOG for the end-of-term option. Further adjustments will continue until acquisition occurs.

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