Cedar Fair’s $1.3 Billion of Senior Secured Credit Facilities and Six Flags’ Senior Secured Notes Offering in Connection with the Pending Merger of Cedar Fair and Six Flags

Cravath represented the joint lead arrangers and joint bookrunners in connection with $1.3 billion of credit facilities made available to Cedar Fair, L.P., and certain of its subsidiaries, as part of the financing transactions undertaken in connection with the pending merger of Cedar Fair, L.P. and Six Flags Entertainment Corporation, two of the largest regional amusement park operators in the world. The facilities consisted of a $1.0 billion term loan facility and a $300 million revolving credit facility. The transaction closed on May 1, 2024.

Cravath also represented the initial purchasers in connection with the $850 million Rule 144A/Reg. S senior secured notes offering of Six Flags Entertainment Corporation and Six Flags Theme Parks Inc. The transaction closed on May 2, 2024.

The Cravath team included partners Tatiana Lapushchik and Matthew M. Kelly, of counsel D. Ana Choi and associates Julia Nagle and Hannah Gehringer on banking matters; partners Craig F. Arcella and Kelly M. Smercina and associates Connor F. O’Neill, Ceara Maria Burns and Emily E. Gust on capital markets matters; partner Arvind Ravichandran and associate Chloe Amarilla on tax matters; partner Matthew Morreale on environmental matters; and practice area attorney Janet L. Lewis on real estate matters.