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Six Flags announces US$500m share repurchase plan
POSTED 08 Jun 2016 . BY Tom Anstey
Six Flags has approved plans allowing the theme park operator to repurchase US$500m (€440.9m, £343m) of its common stock.

To date, Six Flags has repurchased around US$1.3bn (€1.1bn, £892m) of its common stock since introducing its share repurchase programme in February 2011.

Six Flags has been riding high in recent times, with impressive quarterly results and new innovations coming to its parks, the most recent to be the addition of virtual reality to several of its rollercoasters across the US.

In addition to its stock market momentum, company CEO John Duffey has an eye on the east, with plans to develop Six Flags parks under a licensing agreement in various parts of the world, notably Asia.

The company is planning to raise US$300m (€264.5m, £205.8m) for the stock purchase in a non-public offering to chosen investors, with half of the money to be used to pay in part Six Flags’ outstanding loan, which matures in 2022.

In addition to the approved stock repurchase, the company still has around US$10m (€8.8m, £6.8m) available from its current plan.

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NEWS
Six Flags announces US$500m share repurchase plan
POSTED 08 Jun 2016 . BY Tom Anstey
Six Flags has approved plans allowing the theme park operator to repurchase US$500m (€440.9m, £343m) of its common stock.

To date, Six Flags has repurchased around US$1.3bn (€1.1bn, £892m) of its common stock since introducing its share repurchase programme in February 2011.

Six Flags has been riding high in recent times, with impressive quarterly results and new innovations coming to its parks, the most recent to be the addition of virtual reality to several of its rollercoasters across the US.

In addition to its stock market momentum, company CEO John Duffey has an eye on the east, with plans to develop Six Flags parks under a licensing agreement in various parts of the world, notably Asia.

The company is planning to raise US$300m (€264.5m, £205.8m) for the stock purchase in a non-public offering to chosen investors, with half of the money to be used to pay in part Six Flags’ outstanding loan, which matures in 2022.

In addition to the approved stock repurchase, the company still has around US$10m (€8.8m, £6.8m) available from its current plan.

RELATED STORIES
Exclusive: Six Flags heads East with eye on further expansion, says CEO John Duffey


When Six Flags CEO John Duffey took the reins early this year, things were in great shape. Last year marked the company’s sixth consecutive year of record performance and during that time more than US$2bn (€1.8bn, £1.4bn) has been returned to shareholders.
Six Flags stocks soar with record Q1 figures


Six Flags has reached record numbers in the stock market after posting its smallest ever loss during a traditionally tough first quarter.
New proposals could revive abandoned Six Flags theme park in New Orleans


A former Six Flags theme park abandoned in 2005 after severe flooding stemming from Hurricane Katrina could be given a new lease of life after two groups of developers laid out proposals to revive the theme park.
Banks back Dubai Parks and Resorts' Six Flags bid with AED1bn loan


Dubai Parks and Resorts (DPR) has secured a AED1bn (US$272m, €239m, £193m) loan to add a fourth theme park to its portfolio, with the proposed addition flying the Six Flags banner.
MORE NEWS
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Zoos and aquariums associations have criticised a report by World Animal Protection (WAP) which claims to have identified numerous examples around the world of wild animals being used in cruel and demeaning ways in the name of visitor entertainment.
New York flagship announced for Museum of Ice Cream as operator plans international expansion
The Museum of Ice Cream (MOIC) has announced plans to open several new locations, both in the US and internationally over the next 18 months, starting with its first New York City flagship in Q4 2019.
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A donation of US$5.5m (€4.96m, £4.55m) will go towards the development of a new visitor services centre at the Auschwitz-Birkenau Memorial – the museum located on the site of the World War Two Nazi concentration camp in Poland.
Kings Dominion unveils new water attractions for 2020
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COMPANY PROFILE
Alterface

Alterface’s Creative Division team is seasoned in concept and ride development, as well as storyte [more...]
+ More profiles  
FEATURED SUPPLIER

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The Euro Attractions Show has been rebranded as the IAAPA Expo Europe ahead of this year's event at the Paris Expo Porte de Versailles exhibition centre. [more...]
VIDEO GALLERY

Red Raion - Trailer Peter Pan - Saving Tinkerbell VR
Red Raion is the CGI studio specialized in media based attraction. Find out more...
More videos:
Introducing AnimaChat! – Animalive
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+ More videos  

CATALOGUE GALLERY
 

+ More catalogues  
DIRECTORY
+ More directory  
DIARY

16-19 Sep 2019

IAAPA Expo Europe 2019

Paris Expo Porte de Versailles, Paris, France
21-24 Sep 2019

ASTC 2019 Annual Conference

Ontario Science Centre, Toronto, Canada
+ More diary  
 


ADVERTISE . CONTACT US

Leisure Media, Portmill House, Portmill Lane,
Hitchin, Hertfordshire SG5 1DJ Tel: +44 (0)1462 431385

©Cybertrek 2019

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