DiamondbackFan

They buy time, but are replacing 2027 Notes at 5.375% and 5.5% interest with one at low-to-mid 9% interest. From Bloomberg: "Six Flags Entertainment Corp. is planning to sell $1 billion of dollar bonds in the riskiest tier of the junk market, testing investor appetite for the second such deal this week with CCC ratings. The US amusement park operator is offering the six-year notes at low-to-mid 9%, with the proceeds earmarked to refinance debt due next year, according to a person with knowledge of the matter." https://www.bloomberg.com/news/articles/2026-01-06/park-operator-six-flags-taps-market-for-1-billion-in-junk-debt

Six Flags will probably opt to renew or extend the the Texas Partnership and still has majority ownership of the Texas partnership. By declining the buyout, they can avoid taking on another $344.2 million in debt to pay for the buyout. The End-of Term Option from the last quarterly report: https://d18rn0p25nwr6d.cloudfront.net/CIK-0001999001/6109e747-0c95-451d-91e6-6687f18de9f3.pdf

This is such a bad take. You might want to do some research on John Reilly and what he accomplished while he was at SeaWorld Parks and Resorts and Palace Entertainment/Parques Reunidos.

We might get a new CEO announcement soon. https://finance.yahoo.com/news/jana-partners-provides-six-flags-131500178.html "NEW YORK, Nov. 13, 2025 /PRNewswire/ -- JANA Partners LLC ("JANA"), which along with its partners collectively own an economic interest of approximately 9% in Six Flags Entertainment Corporation (NYSE: FUN) ("Six Flags" or the "Company"), today announced that Dave Habiger has de-grouped from the JANA-led investor group to enable him to pursue a complementary opportunity involving the Company."

https://www.businesswire.com/news/home/20251112641518/en/Herschend-to-Acquire-Silverwood-the-Pacific-Northwests-Largest-Theme-and-Water-Park

Permit:

https://finimize.com/content/activist-investors-shake-up-six-flags-entertainments-boardroom https://investors.sixflags.com/news/press-releases/press-release-details/2025/Six-Flags-Appoints-Jonathan-Brudnick-to-Board-of-Directors/default.aspx

They probably couldn't find a buyer for these parks that wanted to operate them and will sell them for the land value. Herschend had to buy all of the Palace parks as a package, now they are unloading the parks they don't want. The Boomers parks in California, Castle Park, Raging Waters Los Angeles, and Wet 'n Wild Emerald Pointe were sold to Lucky Strike Entertainment. The Cartoon Network Hotel is dropping the license and being remodeled and rebranded to Dutch Wonderland Inn.

Activist investor, Land & Buildings, is pushing the company to sell off the land under the parks again. They sent out a letter to shareholders today. https://www.businesswire.com/news/home/20250925248557/en/Land-Buildings-Issues-Letter-Detailing-Why-Now-Is-the-Time-to-Finally-Unlock-Six-Flags-Substantial-Trapped-Real-Estate-Value

Siebert has been teasing a big project for 2027. At Winterfest he said B&M was involved. I wouldn't be surprised to see a hyper coaster in this location going around the water park and out by the parking lot.

From the FT92 Fan Event at Fiesta Texas: New "signature attraction" coming to Schlitterbahn New Braunfels in 2026

It sounds like that is part of the plan. Non core parks they own: Six Flags St. Louis, Six Flags Discovery Kingdom, Six Flags Great Escape, Valleyfair, Worlds of Fun, Michigan's Adventure, Schlitterbahn New Braunfels. La Ronde is a ground lease and Six Flags could sell all of the rides and operating rights there.

Ride Entertainment Systems Inc was on the last notice of commencement and they work with Lagotronics Projects. https://ohwarren.fidlar.com/OHWarren/AvaWeb/#/image https://www.lagotronicsprojects.com/en https://rideentertainment.com/lagotronics/

They are selling off the unused land around the park, but Kings Dominion isn't going anywhere. The non core parks that could be sold are properties they own that are not one of the 15 largest parks.

You can take the Canada's Wonderland 2026 project off the board. Six Flags 2026 capex is being reduced to $400 million. On the earning call, Zimmerman hinted at this project being delayed or cancelled because they don't think they have gotten the full benefit from the 2025 capex yet. Canada's Wonderland attendance is way up since AlpenFury opened and the coaster is a massive success.

Valleyfair https://www.facebook.com/ValleyfairMN/posts/pfbid02BQZE9QBUf9gn7tGWaV8zwycNuCPcYuPrC9w7AycE2zZsmtEkCJzXsRE2bYCo5Zvtl #SomethingSuperior26 New waterpark adventures are coming to #Valleyfair in 2026. We're also celebrating our 50th anniversary. With that in mind, a portion of #SoakCity will close after August 10 to begin construction. Visit before then to ride these favorites one last time: Hurricane Falls Panic Falls Body & Speed Slides Ripple Rapids Splash Station The rest of Soak City will remain open through Labor Day.

Six Flags Mexico is getting Speedway Stunt Coaster for 2026. https://www.instagram.com/reel/DM8fNGtJ7_r

More coaster removals coming soon? https://www.sixflags.com/greatamerica The sale says 280 coasters, but RCDB lists 294 operating coasters at SFEC (SBNO and Under Construction are not in the count) https://rcdb.com/12488.htm 294 coasters -9 coasters at SFA = 285 coasters +4 2026 additions (SFNE, SFMM, SFM, SFOT) = 289 coasters +1 Pantherian at KD = 290 coasters +1 Montezooma's Revenge - The Forbidden Fortress at Knott's = 291 coasters +2 SBNO coasters that could reopen (Timberwolf at WOF, Flash V2 at SFDK) = 293 coasters

The earnings call is Wednesday.

The press release for all of the new additions was Thursday August 15th last year. I wouldn't be surprised if they put out the press release on Thursday August 14th this year.

It is being sold for redevelopment. Better info in this video. https://youtu.be/OgMeILBbjq4 Here is the property listing: https://www.cbredealflow.com/handler/modern.aspx?pv=Z-I9J549zUFsSziezRAUlDpkNDIIt7xMO5qE_h7gISzRPnQ5IPCRP7U1-PRJGopf#_top

From the ParkFans.net bluesky account: https://bsky.app/profile/parkfans.net/post/3ltzgtpopsc2r

You can search by owner on this site: https://tmsearch.uspto.gov/search/search-information If I post a direct link to the trademark, it will expire after awhile. I think it will just be a new area of the park. There is a new path going from the former Scrambler location to Fury 325 and a new restaurant in the plans.

New trademark filing for Superior Shores Waterpark on July 14th by Millennium Operations LLC. Sounds like a possible rebrand of Soak City at Valleyfair.

Intamin issued a recall after an issue was found with a similar ride operated by United Parks. Not much Six Flags could do to prevent this delay.