Six Flags stock rises despite $1B junk bond sale

Six Flags is raising $1 billion in senior notes rated Caa1 to refinance debt due next April, and the article mentions shares edged higher as the company manages a recent loss, executive departures, and strategic shifts.

Six Flags is raising $1 billion in senior notes through a private placement to refinance debt that matures next April. The article mentions the notes are due in 2032, could carry interest of up to 9%, and have been rated Caa1 by Moody's. Shares edged higher as the company navigates a recent $1.2 billion loss, decisions on underperforming parks, and changes in senior leadership. Key facts: - The article notes the company is offering $1 billion of senior notes in a private placement to institutional investors, with proceeds intended to refinance debt maturing next April. - Bloomberg is reported to have said the notes are due 2032, may pay up to 9% interest, and have a Moody's Caa1 rating. - The article mentions Six Flags reported a $1.2 billion loss in Q3 2025, decided against buying remaining partner stakes in Six Flags Over Texas, and has experienced executive departures; the fundraising effort is expected to be wrapped up on Thursday. Summary: The refinancing is presented as a step to address upcoming maturities while the company works through operating losses and portfolio adjustments. Market reaction was a modest rise in the shares as reported. The private placement is expected to conclude on Thursday.