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DiamondbackFan

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Posts posted by DiamondbackFan

  1. 8 hours ago, Losantiville Mining Co. said:

    In other news, does anyone know if/when the Six Flags America land deal is supposed to go through? There are still a ton of (seemingly) salvageable rides there that Six Flags would be a fool to leave behind — especially if the park's land is going to be almost completely redeveloped. I've heard that the county/buyer does not want another amusement park there so I'd assume they wouldn't keep all of the rides.

    John Reilly said on the last earnings call that Six Flags has a signed purchase agreement for the land. Due diligence is going to take some time and the transaction won't close until late 2027/early 2028.

  2. This ride is done.

    https://archive.is/f8nZo

    In the span of less than a week this July, surgeons at a Southern California hospital raced to save the lives of two women suffering from alarmingly similar brain hemorrhages.

    The severe injuries were the kind doctors encounter in patients after high-speed collisions or other violent accidents that cause the brain to twist and slam inside one’s skull.

    Neither woman, however, had been involved in a crash, fall or other such incident.

    Instead, they had ridden an extreme roller coaster at Six Flags Magic Mountain, known as X2, which draws thrill-seekers from around the world with its rotating seats, near-vertical drops and unpredictable movements. It has long been the park’s marquee attraction — promoted as a “[rite] of passage for the ultimate daredevil.”

    25-year-old Los Angeles resident Naomi Greer-Wilkinson boarded X2 during a day at the park with her twin brother and younger sister. Just like Guillen, she lost consciousness shortly after riding the roller coaster and was rushed to the hospital for emergency brain surgery, according to her family.

    Greer-Wilkinson’s parents told CNN they were informed by doctors their daughter had suffered a severe traumatic brain injury and they should prepare for the worst.

    “Naomi should have never ever in a million years even had the option to get on that ride,” said her mother, Artemis Greer.

    Whoever made the decision to keep X2 operational last month has “a lot to answer for,” said Greer-Wilkinson’s father, Joshua Wilkinson. “It’s got to stop.”

    Greer remains in critical condition in a coma, hooked up to a ventilator and feeding tube that are keeping her alive. “This is the hardest thing a human being could go through,” her mother said of watching her daughter – whom she described as “wise for her age,” hilarious and kind.

    “This is cruel,” she added.

    A representative from Six Flags offered the family food from McDonald’s when Greer-Wilkinson first arrived in the emergency room, according to her mother. But they haven’t heard anything since.

  3. 55 minutes ago, disco2000 said:

    No doubt there is a concern about being able to pay off the debt, which is still high at $4.9B

    Used the money from the EPR 7 park sale to pay it down to $4.9B.  Have to use the revolving credit facility to take on more debt for the Georgia property buyout next year.  Six Flags America transaction won't close until late 2027/early 2028.  Kings Dominion excess land bids are being evaluated, but no timeline on when the transaction will close.

    I think more parks will need to be sold in 2027.

  4. Nothing for 2027

    https://www.prnewswire.com/news-releases/six-flags-introduces-flexible-membership-program-at-six-additional-parks-redefining-how-guests-experience-multi-park-fun-year-round-302792161.html

    Quote

    Six Flags is focused on elevating the guest experience, and all six parks unveiling the new Membership program offer multiple reasons to visit:

    Carowinds & Carolina Harbor—With an exciting recent expansion at Camp Snoopy including Snoopy's Racing Railway and Charlie Brown's River Raft Blast the park is focused on thrilling events and entertainment for 2026 and massive news for 2027 is still to come. Guests at Carolina Harbor are enjoying its newest addition, Carolina Harbor Shore Club, an adults-only area, and Charlotte's first swim-up bar, Paul Metto's Boathouse Bar.

    Dorney Park & Wildwater Kingdom—Pairing the record-breaking thrills of Iron Menace with the pint-sized adventures of Planet Snoopy, the park continues to deliver unforgettable family fun in 2026. Guests can enjoy an expanded lineup of live entertainment and seasonal events, including the debut of the all-new Splash! Water Parade, alongside returning favorites and enhanced experiences throughout Wildwater Kingdom.

    Kings Dominion & Soak City—While riders soar on its newest addition, Rapterra—the record-breaking launched wing coaster—the park is focused on family entertainment in 2026 with its dramatically expanded summer program that includes a new fireworks and drone show, live bands, parades, end-of-the night spectaculars and more.

    Kings Island & Soak City—While summer refreshment was the focus last season as Soak City enjoyed a major expansion including RiverRacers, the first dual-racing water coaster in Ohio, and Splash River Junction for kids, this season the park has raised the curtain on Phantom Theater: Opening Nightmare. This one-of-a-kind interactive dark ride introduces a new generation of families to the park's iconic characters through modern technology and elaborate storytelling.

    Knott's Berry Farm & Knott's Soak City—With a bounty of events and live entertainment like the iconic Boysenberry Festival, Ghost Town Alive! and Knott's Summer Nights, the amusement park will debut the new Crafty's Kitchen chicken restaurant and the highly anticipated MonteZOOMa: The Forbidden Fortress coaster in 2026. At Soak City, guests are enjoying renovations and beautification efforts throughout the water park this season. An exciting announcement is anticipated for 2027.

    Schlitterbahn New Braunfels—In addition to enhancements to rides and attractions like Blastenhoff Tower and Han's Hideout, the "World's Best Waterpark" debuted Wasserbahn Racers in 2026—a three-lane mat racing water slide build into the natural hillside.

     

  5. 1 hour ago, Oldiesmann said:

    Whatever it is, it's going to be quite large. It takes up a huge space along the right side of the path between 4th of July and Thanksgiving. There was a poster up this weekend as well, hinting at a possible August 22nd announcement (though someone on Facebook said the park president had mentioned that it would be announced in July, so it's hard to say).

    July announcement

    https://www.youtube.com/watch?v=Zmk2nFRyewQ&t=226

  6. Sold

    https://wjla.com/news/local/six-flags-prince-georges-maryland-kevin-durant-tpa-35v-basketball-entertainment-zoning-entertainment-theme-park-washington-dc-mixed-use-iconic-family-adults-public-input

    Quote

    An investment group involving NBA star Kevin Durant will purchase the former Six Flags America in Bowie, Maryland, closing a sale that began in November after the amusement park company shuttered the region's most notable park. 

    Prince George's County Executive Aisha Braveboy said that Durant's 35V, along with the Atlanta-based TPA Group, was selected by Six Flags Entertainment Corporation to take over the 515-acre site that sits 20 miles outside D.C.

     

  7. Quote

    CHARLOTTE, N.C.--(BUSINESS WIRE)-- Six Flags Entertainment Corporation (NYSE: FUN) (“Six Flags” or the “Company”), North America’s largest regional amusement park operator, today announced the appointment of Richard “Dick” Haddrill as Executive Chairman of the Six Flags Board of Directors, effective immediately. With Mr. Haddrill’s appointment, Marilyn Spiegel will serve as Lead Independent Director.

    https://investors.sixflags.com/news/press-releases/press-release-details/2026/Six-Flags-Entertainment-Appoints-Richard-Haddrill-as-Executive-Chairman-of-the-Board-of-Directors/default.aspx

  8. 2 hours ago, ReedObsessor said:

    The private equity ownership is the problem.  Hill Path Capital owns 49.7% of the company, creating significant influence and putting greater focus on share buybacks and driving value.

    They own 56.1% as of March 3rd and are expected to own just under 70% by the time the share buybacks are completed.  They are now in the monetize the real estate phase of extracting value from the company.

  9. 1 hour ago, IndyGuy4KI said:

    Paywall for me, is it for additional rooms or a waterpark expansion?

     

    "A new six-story hotel tower in front of the current hotel building, facing Kings Island Drive.

    The hotel will have 24 three-bedroom suites and be connected to the existing hotel.

    The hotel will be 75 feet tall, as tall as the waterpark, and will be visible from Kings Island Drive.

    Removal of 55 parking spaces to make room for the new tower."

  10. 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

  11. 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:

    Quote

    To exercise the End-of-Term Option for the Texas Partnership, the Combined Company must give the Texas Partnership notice of its exercise no later than December 31, 2025. If the End-of-Term Option is not exercised, the parties may decide to renew and extend the arrangements relating to the Texas Partnership. Alternatively, if the End-of-Term Option is not exercised, the Texas Partnership entities may be sold and the proceeds applied to redeem the outstanding interests in the Texas Partnership. If the End-of-Term Option is exercised, the price offered, and required to be accepted by the holders' of the limited units that the Combined Company does not then own, is based on the agreed upon value of the Texas Partnership included in the original agreements, multiplied by the change in the Consumer Price Index ("CPI") between the beginning and end of the agreement. The decision to exercise, or not exercise, the End-of-Term Option for SFOT will ultimately be made based on numerous factors, including prevailing macro-economic and industry conditions and the cost and availability of financing to fund the purchase.

    The agreements for the Georgia Partnership and Texas Partnership began in 1997 and 1998, respectively. The agreed-upon value for the partnerships when the agreements were executed was $250.0 million and $374.8 million for SFOG and SFOT, respectively. As of September 28, 2025, the agreed-upon value, as adjusted for CPI, would be $517.8 million and $762.3 million for SFOG and SFOT, respectively. The agreed-upon values, if determined as of September 28, 2025, multiplied by the 68.5% and 45.9% of units held by the limited partner for SFOG and SFOT, respectively, represent $355.1 million and $344.2 million that would be required to be paid to the limited partner of SFOG and SFOT, respectively, at the End-of-Term Option. The actual agreed upon value of the End-of-Term Option will be further adjusted by CPI until the end of each respective agreement.

    https://d18rn0p25nwr6d.cloudfront.net/CIK-0001999001/6109e747-0c95-451d-91e6-6687f18de9f3.pdf

  12. 2 hours ago, KI Guy said:

    My goodness — someone from Parques Reunidos? That company's stint in US park ownership/operations was an unmitigated disaster.

    The new Six Flags needed either an amusement park outsider of someone who could heighten the experience and service like someone from Disney or Universal.

    They've instead brought in someone from old Six Flags' smaller and less successful cousin.

    Hopefully it works out though...

    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.

  13. 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."

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