Six Flags Entertainment Corporation has announced the sale of seven of its parks to EPR Properties for a total cash consideration of $331 million. The parks included in the transaction are Valleyfair, Worlds of Fun, Michigan’s Adventure, Schlitterbahn Waterpark Galveston, Six Flags St. Louis, Six Flags Great Escape, and Six Flags La Ronde. These parks collectively entertained approximately 4.5 million guests for the full year ended Dec. 31, 2025, generating approximately $260 million in net revenue and approximately $45 million in adjusted EBITDA.
Six Flags stated that the cash proceeds, after taxes and transaction expenses, will be used to pay down debt. On an after-tax basis, the net proceeds are expected to be slightly beneficial to the company’s leverage ratio. This divestiture is part of the company's strategy to concentrate its capital, leadership, and operational focus on the properties that they believe generate the strongest returns and offer the greatest long-term upside.
The company plans to operate its remaining collection of 34 parks across 23 locations in North America for the 2026 season. The transaction is expected to close by the end of the first quarter or the beginning of the second quarter, subject to the satisfaction of certain closing conditions and receipt of third-party approvals.
The sale of these parks is aimed at simplifying Six Flags' portfolio, strengthening its balance sheet, and positioning the company to execute with greater clarity and discipline. The move is expected to enable the company to focus its resources on the parks with the highest growth potential, drive operating leverage, expand margins, and accelerate cash flow generation. The market has reacted to these announcements by moving the company's shares 4.34% to a price of $16.57. If you want to know more, read the company's complete 8-K report here.
