At the option of the Sole Lead Arranger with the consent of the Borrower, the Additional Tranche B Term Loans may be made, to the extent of the amount thereof to be used to repay in full the Existing Tranche B Term Loans that are not so continued, by the replacement of such Existing Tranche B Term Loans pursuant to Section 5.17 of the Credit Agreement and the continuation of such Existing Tranche B Term Loans as Continued Tranche B Term Loans by the replacement Lender. The proceeds of theĪdditional Tranche B Term Loans will be used by the Borrower to repay in full the outstanding principal amount of the Existing Tranche B Term Loans that are not continued as New Tranche B Term Loans by Continuing Tranche B Term Loan Lenders and to prepay all of the Second Lien Term Loans. WHEREAS, subject to the preceding recital, each Person (other than a Continuing Tranche B Term Loan Lender in its capacity as such) that executes and delivers a Lender Addendum and agrees in connection therewith to make New Tranche B Term Loans (collectively, the Additional Tranche B Term Loan Lenders) will thereby (i) agree to the terms of this Amendment and (ii) commit to make New Tranche B Term Loans to the Borrower on the Amendment Effective Date (the Additional Tranche B Term Loans) in such amount (not in excess of any such commitment) as is determined by the Administrative Agent and notified to such Additional Tranche B Term Loan Lender. Existing Tranche B Term Loan Lenders which do not become Continuing Tranche B Term Loan Lenders as contemplated by this recital shall not otherwise be permitted to become an Additional Tranche B Term Loan Lender (as defined below). ![]() WHEREAS, each existing Tranche B Term Loan Lender that executes and delivers a signature page to this Amendment (a Lender Addendum) and in connection therewith agrees to continue all or any part of its outstanding Tranche B Term Loans into New Tranche B Term Loans (such continued Tranche B Term Loans, the Continued Tranche B Term Loans, and such Lenders, collectively, the Continuing Tranche B Term Loan Lenders) will thereby (i) agree to the terms of this Amendment and (ii) agree to continue its existing Tranche B Term Loans (such existing Tranche B Term Loans, the Existing Tranche B Term Loans, and the Lenders of such Existing Tranche B Term Loans, collectively, the Existing Tranche B Term Loan Lenders) outstanding on the Amendment Effective Date (as defined below) into New Tranche B Term Loans in a principal amount equal to the aggregate principal amount of such Existing Tranche B Term Loans so continued. Except as otherwise provided herein, the New Tranche B Term Loans will have the same terms as the Tranche B Term Loans currently outstanding under the Credit Agreement. WHEREAS, the loans under the Amended Tranche B Term Loan Facility (the New Tranche B Term Loans) will replace and refinance the currently outstanding Tranche B Term Loans and together with cash on hand will be used to prepay $250,000,000 in aggregate principal amount of the Borrowers term loans under the Second Lien Credit Agreement (the Second Lien Term Loans). WHEREAS, the Borrower has requested that the Credit Agreement be amended to, among other things, provide for an extension of, and an increase to an aggregate principal amount of $950,000,000 in, the Tranche B Term Loan Facility (as extended and increased, the Amended Tranche B Term Loan Facility) by obtaining New Tranche B Term Loan Commitments (as defined in Section 13 of this Amendment) and having existing Tranche B Term Loans be continued as provided herein. WHEREAS, pursuant to the Credit Agreement, the Lenders have agreed to make, and have made, certain loans and other extensions of credit to the Borrower. Morgan Securities LLC is acting as the sole lead arranger and sole bookrunner (in such capacities, the Sole Lead Arranger) in connection with this Amendment and the Amended Tranche B Term Loan Facility referred to below. ![]() ![]() FIRST AMENDMENT, dated as of December 3, 2010 (this Amendment), to the First Lien Credit Agreement, dated as of April 30, 2010 (the Credit Agreement), among Six Flags Entertainment Corporation, a Delaware corporation, Six Flags Operations Inc., a Delaware corporation, Six Flags Theme Parks Inc., a Delaware corporation (the Borrower), JPMorgan Chase Bank, N.A., a national banking association, as the administrative agent (the Administrative Agent), and the several banks and other financial institutions or entities from time to time parties thereto (the Lenders).
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |