Welcome to our dedicated page for Six Flags Entertainment Corporation news (Ticker: FUN), a resource for investors and traders seeking the latest updates and insights on Six Flags Entertainment Corporation stock.
Six Flags Entertainment Corporation (NYSE: FUN) is widely covered in financial and corporate news due to its role as North America’s largest regional amusement-resort operator and its active capital markets, governance and expansion activities. This news page aggregates company-issued updates and other coverage related to Six Flags’ amusement parks, water parks, resort properties and international projects.
Recent company news highlights a variety of topics, including the pricing and closing of a private offering of 8.625% senior notes due 2032 and the planned redemption of existing senior notes due 2027, as described in press releases and corresponding Form 8-K filings. Coverage also includes strategic decisions about specific assets, such as the choice not to exercise a call option related to the partnership that holds Six Flags Over Texas, while continuing to operate and invest in that park under existing agreements.
Operational and guest-focused updates are another key theme in Six Flags news. The company issues releases on the opening of new parks and attractions, such as Six Flags Qiddiya City in Saudi Arabia, which it describes as its first theme park designed and built outside North America with 28 rides and attractions across six themed lands. Seasonal event announcements, including WinterFest, Holiday in the Park, Knott’s Merry Farm and Christmas in the Park at selected parks, showcase how Six Flags combines rides with holiday lights, live entertainment and themed food and beverage offerings.
Investors and observers can also find leadership and governance updates in the news flow, such as the appointment of John Reilly as President and Chief Executive Officer and changes to the board of directors. In addition, news items reference shareholder engagement by groups like JANA Partners and Sachem Head Capital Management LP. By following this page, readers can see how Six Flags communicates financial performance, capital structure decisions, seasonal programming and corporate governance developments over time.
Cedar Fair Entertainment Company (NYSE: FUN) reported third-quarter results for the period ending Sept. 27, 2020, reflecting significant challenges due to the COVID-19 pandemic. Net revenues declined to $87 million, down from $715 million in 2019, amidst an 11.9 million drop in attendance. Operating losses reached $137 million compared to a profit of $275 million a year prior. Despite ongoing difficulties, the company noted improvements in demand with attendance rising to 35%-40% of 2019 levels. The company raised $300 million in senior notes for liquidity and reported $877 million in total liquidity.
Cedar Fair Entertainment Company (NYSE: FUN) will release its 2020 third quarter financial results on November 4, 2020, prior to market opening. A conference call is scheduled for the same day at 10 a.m. EST, featuring Cedar Fair executives who will discuss the third quarter results and the company's future outlook. Cedar Fair, a major amusement park and resort operator, aims to enhance guest experiences across its 13 properties, including 11 amusement parks and four water parks. Investors can access the call via the company's investor site.
Cedar Fair, L.P. (NYSE: FUN) announced the completion of its $300 million private offering of 6.500% Senior Notes due 2028. The issuance, backed by its wholly owned subsidiaries, aims to finance general corporate and working capital needs. The Notes were offered under Rule 144A and Regulation S of the Securities Act, with no registration. Cedar Fair operates 13 amusement and water park properties across several states and Canada, focusing on providing memorable experiences.
Cedar Fair, L.P. (NYSE: FUN) announced the pricing of $300 million in 6.500% senior notes due 2028, aimed at enhancing its financial flexibility. The notes, priced at 100% of the principal amount, are guaranteed by several subsidiaries and will support general corporate and working capital needs. The company has amended its credit facilities due to challenges posed by the COVID-19 pandemic. This offering will be available only to qualified institutional buyers and certain non-U.S. persons, without U.S. registration.
Cedar Fair, L.P. (NYSE: FUN) announced a private offering of $300 million in senior unsecured notes due 2028. The offering aims to support general corporate needs and working capital. The proceeds will cover transaction fees and expenses. Amendments to existing credit facilities have been made to accommodate this issuance, particularly in response to disruptions caused by COVID-19. The offering targets qualified institutional buyers under Rule 144A and is not registered under the Securities Act. Completion is contingent on market conditions.
Cedar Fair Entertainment Company (NYSE: FUN) reported preliminary third quarter results ending September 27, 2020, amid ongoing challenges from the COVID-19 pandemic. The company recorded an attendance drop of 11.9 million guests, totaling 1.3 million for the quarter. Net revenues are estimated between $85 million and $90 million, down from $715 million in Q3 2019. Enhanced health protocols are in place at reopened parks, and season pass sales have increased by 5%. Liquidity stands at approximately $574 million, allowing operations through 2021 despite disruptions.
Cedar Fair Entertainment Company (NYSE:FUN) has announced an amendment to its Credit Facilities, extending the covenant waiver period to Q4 2021 and the modification period to the end of 2022. This move is aimed at providing financial flexibility amid ongoing uncertainties due to the COVID-19 pandemic. President and CEO Richard Zimmerman emphasized the importance of this extension in managing potential disruptions. The company focuses on reopening its parks for the 2021 season and aims to drive growth and reduce net leverage ratios.
Cedar Fair (NYSE: FUN) announced the resignation of John M. Scott III from its board of directors, effective immediately. Scott, who joined the board in 2010, was the longest-serving director, contributing significantly to the company's growth and corporate governance. The board expressed gratitude for his years of dedicated service. Cedar Fair is currently addressing the vacancy left by Scott. The company operates 13 properties, including amusement and water parks across multiple states and Canada, focusing on providing immersive experiences for visitors.