Exhibit 10.1
FIRST AMENDMENT
FIRST AMENDMENT, dated as of November 25, 2003 (this
"Amendment"), to (i) the Amended and Restated Credit Agreement, dated as of July
8, 2002 (as amended, supplemented or otherwise modified from time to time, the
"Credit Agreement"), among SIX FLAGS, INC, a Delaware corporation ("Parent"),
SIX FLAGS OPERATIONS INC., a Delaware corporation ("Holdings"), SIX FLAGS THEME
PARKS INC., a Delaware corporation (the "Primary Borrower"), each Foreign
Subsidiary Borrower (together with the Primary Borrower, the "Borrowers"), the
Lenders from time to time parties to the Credit Agreement, THE BANK OF NEW YORK
and BANK OF AMERICA, N.A., as Syndication Agents, CREDIT LYONNAIS, NEW YORK
BRANCH, as Documentation Agent, and XXXXXX COMMERCIAL PAPER INC., as
Administrative Agent, and (ii) the Guarantee and Collateral Agreement, dated as
of November 5, 1999 (as amended, supplemented or otherwise modified from time to
time, the "Guarantee and Collateral Agreement"), made by Parent, Holdings, the
Primary Borrower and certain Subsidiaries in favor of the Administrative Agent
and consented to pursuant to the Consent and Confirmation, dated as of July 8,
2002, among Parent, Holdings, the Primary Borrower, each Foreign Subsidiary
Borrower from time to time party thereto, the Lenders and the Administrative
Agent.
W I T N E S S E T H:
- - - - - - - - - -
WHEREAS, pursuant to the Credit Agreement, the Lenders have
agreed to make and have made loans and other extensions of credit to the
Borrowers;
WHEREAS, the Borrowers have requested that certain
provisions of the Credit Agreement be amended in the manner provided for in this
Amendment; and
WHEREAS, the Lenders are willing to consent to the
requested amendments on and subject to the terms and conditions contained
herein;
NOW THEREFORE, in consideration of the premises and mutual
covenants hereinafter set forth, the parties hereto agree as follows:
I. Definitions. Unless otherwise defined herein, terms
defined in the Credit Agreement and used herein shall have the meanings given to
them in the Credit Agreement.
II. Amendments to the Credit Agreement.
2.1 Section 1.1. Section 1.1 of the Credit Agreement
is hereby amended by:
(a) deleting clause (b) of the definition of
"Applicable Margin" and replacing such clause (b) with the
following:
"(b) with respect to the Tranche B Term Loans, (i) 1.50% in
the case of Base Rate Loans and (ii) 2.50% in the case of Eurocurrency Loans";
(b) adding the following before the period at
the end of the definition of "Consolidated Total Debt":
"; provided, that for purposes of calculating the
Consolidated Leverage Ratio, as such term is used in Section 10.1(a) only,
Consolidated Total Debt shall mean, as at the last day of any fiscal quarter,
the sum of (a) the aggregate outstanding principal amount of all Indebtedness
(other than Revolver Indebtedness) of Holdings and its Subsidiaries on such date
(determined on a consolidated basis without duplication in accordance with GAAP)
plus (b) the average of the amounts of Revolver Indebtedness outstanding on such
last day and on the last day of each of the three immediately preceding fiscal
quarters. For purposes of the preceding sentence, "Revolver Indebtedness" means
the Indebtedness of Holdings and its Subsidiaries in respect of Revolving Credit
Loans and Swing Line Loans";
(c) deleting the definition of "Hedging
Agreement" in its entirety and substituting in lieu
thereof the following:
""Hedging Agreement": all interest rate or currency swaps,
caps or collar agreements, foreign exchange agreements, commodity contracts or
similar arrangements entered into by Holdings or any of its Subsidiaries
providing for protection against fluctuations in interest rates, currency
exchange rates, commodity prices or the exchange of nominal interest
obligations, either generally or under specific contingencies. For avoidance of
doubt, Hedging Agreements shall include any interest rate swap or similar
agreement that provides for the payment by Holdings or any of its Subsidiaries
of amounts based upon a floating rate in exchange for receipt by Holdings or
such Subsidiary of amounts based upon a fixed rate.";
(d) deleting the definition of "Specified Hedge
Agreement" in its entirety and substituting in lieu
thereof the following:
""Specified Hedge Agreement": any Hedging Agreement entered
into by Holdings, the Primary Borrower or any Subsidiary Guarantor and any
Qualified Counterparty."; and
(e) adding the following new definition of
"Qualified Counterparty" in its appropriate alphabetical
position:
""Qualified Counterparty": with respect to any Specified
Hedge Agreement, any counterpary thereto that, at the time such Specified Hedge
Agreement was entered into, was a Lender or an affiliate of a Lender."
2.2 Section 7.8. Section 7.8 of the Credit Agreement
shall be amended by inserting the following after the word "Subsidiaries" and
before the period at the end thereof:
"as of November 25, 2003".
2.3 Section 7.22. Section 7.22 of the Credit Agreement
shall be amended by deleting the words "on the Amendment and Restatement
Effective Date" and inserting the following in lieu thereof:
2
"as of November 25, 2003".
2.4 Section 10.1(a). Section 10.1(a) of the Credit
Agreement shall be amended by deleting the Consolidated Leverage Ratios set
forth therein for fiscal quarters FQ4 2003 through and including FQ4 2005 and
substituting in lieu thereof the following:
--------------------------------------- ---------------------------------------
FISCAL QUARTER CONSOLIDATED LEVERAGE RATIO
--------------------------------------- ---------------------------------------
FQ04 2003 3.25 to 1.00
--------------------------------------- ---------------------------------------
FQ01 2004 3.25 to 1.00
--------------------------------------- ---------------------------------------
FQ02 2004 3.25 to 1.00
--------------------------------------- ---------------------------------------
FQ03 2004 3.25 to 1.00
--------------------------------------- ---------------------------------------
FQ04 2004 3.25 to 1.00
--------------------------------------- ---------------------------------------
FQ01 2005 3.00 to 1.00
--------------------------------------- ---------------------------------------
FQ02 2005 3.00 to 1.00
--------------------------------------- ---------------------------------------
FQ03 2005 3.00 to 1.00
--------------------------------------- ---------------------------------------
FQ04 2005 3.00 to 1.00
--------------------------------------- ---------------------------------------
Section 10.1(d). Section 10.1(d) of the Credit Agreement
shall be amended by deleting the Consolidated Fixed Charge Coverage Ratios set
forth therein for fiscal quarters FQ4 2003 through and including FQ2 2007 and
substituting in lieu thereof the following:
--------------------------------------- ---------------------------------------
CONSOLIDATED FIXED
FISCAL QUARTER CHARGE COVERAGE RATIO
--------------------------------------- ---------------------------------------
FQ04 2003 1.05 to 1.00
--------------------------------------- ---------------------------------------
FQ01 2004 1.05 to 1.00
--------------------------------------- ---------------------------------------
FQ02 2004 1.05 to 1.00
--------------------------------------- ---------------------------------------
FQ03 2004 1.05 to 1.00
--------------------------------------- ---------------------------------------
FQ04 2004 1.05 to 1.00
--------------------------------------- ---------------------------------------
FQ01 2005 1.05 to 1.00
--------------------------------------- ---------------------------------------
FQ02 2005 1.05 to 1.00
--------------------------------------- ---------------------------------------
FQ03 2005 1.10 to 1.00
--------------------------------------- ---------------------------------------
FQ04 2005 1.10 to 1.00
--------------------------------------- ---------------------------------------
FQ01 2006 1.10 to 1.00
--------------------------------------- ---------------------------------------
FQ02 2006 1.10 to 1.00
--------------------------------------- ---------------------------------------
FQ03 2006 1.20 to 1.00
--------------------------------------- ---------------------------------------
FQ04 2006 1.20 to 1.00
--------------------------------------- ---------------------------------------
FQ01 2007 1.20 to 1.00
--------------------------------------- ---------------------------------------
FQ02 2007 1.20 to 1.00
--------------------------------------- ---------------------------------------
2.5 Section 10.15. Section 10.15 of the Credit
Agreement is hereby amended by deleting such Section in its entirety and
substituting in lieu thereof the following:
"10.15. Limitation on Hedging Agreements. Enter into any Hedging
Agreement other than Hedging Agreements entered into in the ordinary course of
business, and not for speculative purposes, in respect of interest rates or
3
foreign exchange rates; provided, that Holdings and its Subsidiaries will not
enter into any Hedging Agreement providing for payment by Holdings or any
Subsidiary of amounts based upon a floating interest rate in exchange for
receipt by Holdings or any Subsidiary of amounts based upon a fixed interest
rate (each, a "Fixed-to-Floating Swap") if, on the date of such Hedging
Agreement and after giving effect thereto, the sum of (i) the aggregate notional
principal amount covered by all such Fixed-to-Floating Swaps plus (ii) the
aggregate principal amount of all then outstanding consolidated indebtedness of
Parent and its Subsidiaries (determined without duplication in accordance with
GAAP) that as of such date bears interest at a floating rate (and is not
effectively bearing interest at a fixed rate through a Hedging Agreement) would
exceed 50% of then outstanding consolidated indebtedness of Parent and its
Subsidiaries (determined in accordance with GAAP)."
2.6 Schedule 1.1(b). Schedule 1.1(b) to the Credit
Agreement is hereby deleted in its entirety and an amended Schedule 1.1(b),
attached hereto as Exhibit B, shall be substituted in lieu thereof.
2.7 Schedule 7.8. Schedule 7.8 to the Credit Agreement
is hereby deleted in its entirety and an amended Schedule 7.8, attached hereto
as Exhibit C, shall be substituted in lieu thereof.
2.8 Annex A. Annex A to the Credit Agreement is hereby
amended by:
(a) increasing, by .25% in each case, the
Applicable Margins set forth opposite the Consolidated
Leverage Ratio of [greater than or equal to] 2.5 to 1.0
and the Consolidated Leverage Ratio of [less than] 2.5
to 1.0 and [greater than or equal to] 2.0 to 1.0; and
(b) inserting the following after the
parenthetical at the end of the last sentence in the
paragraph at the end of Annex A:
", except that, for purposes of this Pricing Grid,
Consolidated Total Debt shall be determined without giving effect to the proviso
in the definition of Consolidated Total Debt in Section 1.1".
III. Amendment to the Guarantee and Collateral Agreement.
3.1 Section 1.1. Section 1.1 to the Guarantee and
Collateral Agreement is hereby amended by deleting the definition of "Lender
Hedge Agreements" in its entirety and substituting in lieu thereof the
following:
""Lender Hedge Agreements": any Hedging Agreement entered
into by Holdings, the Primary Borrower or any Subsidiary Guarantor and any
Qualified Counterparty."
IV. Conditions Precedent. This Amendment shall become
effective as of the date (the "Amendment Effective Date") when each of the
conditions precedent set forth below shall have been fulfilled:
4
4.1 Amendment. The Administrative Agent (or its
counsel) shall have received this Amendment, executed and delivered by a duly
authorized officer of each Loan Party and each Required Lender.
4.2 Lender Consent Letters. The Administrative Agent
shall have received executed Lender Consent Letters, substantially in the form
of Exhibit A hereto ("Lender Consent Letters"), from Lenders whose consent is
required pursuant to Section 13.1(a) of the Credit Agreement.
4.3 No Default. The Administrative Agent shall have
received a certificate of a responsible officer of the Primary Borrower stating
that no Default or Event of Default has occurred and is continuing after giving
effect to the Amendment.
4.4 Amendment Fee. The Borrowers shall have paid an
amendment fee, for the account of each Lender that has delivered an executed
signature page to this Amendment to the Administrative Agent (or its counsel) no
later than 5 p.m., New York City time, on November 25, 2003, in an amount equal
to 0.125% of such Lender's Aggregate Exposure.
V. General.
5.1 Representations and Warranties. The
representations and warranties set forth in the Credit Agreement are, after
giving effect to this Amendment, true and correct in all material respects as if
made on and as of the Amendment Effective Date, except as they may specifically
relate to an earlier date.
5.2 Continuing Effect of the Loan Documents. This
Amendment shall not constitute an amendment or waiver of any provision of any
Loan Document not expressly referred to herein and shall not be construed as an
amendment, waiver or consent to any action on the part of any party hereto that
would require an amendment, waiver or consent of the Administrative Agent or the
Lenders except as expressly stated herein. Except as expressly amended hereby,
the provisions of the Loan Documents are and shall remain in full force and
effect.
5.3 Amendment, Etc. This Amendment may be amended,
waived, discharged or terminated only by an instrument in writing signed by the
party against which enforcement of such amendment, waiver, discharge or
termination is sought.
5.4 Amendment Binding. This Amendment shall be binding
upon, inure to the benefit of and be enforceable by the parties hereto and their
respective successors and permitted assigns.
5.5 GOVERNING LAW. THIS AMENDMENT SHALL BE GOVERNED
BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF
NEW YORK.
5.6 Counterparts. This Amendment may be executed in
any number of counterparts by the parties hereto, each of which counterparts
when so executed shall be an original, but all counterparts taken together shall
constitute one and the same instrument.
5
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
executed and delivered by their respective duly authorized officers as of the
day and year first above written.
SIX FLAGS, INC.
By: /s/ Xxxxx X. Xxxxxxxxxx
-----------------------------------------
Name: Xxxxx X. Xxxxxxxxxx
Title: Chief Financial Officer
SIX FLAGS OPERATIONS INC.
By: /s/ Xxxxx X. Xxxxxxxxxx
-----------------------------------------
Name: Xxxxx X. Xxxxxxxxxx
Title: Chief Financial Officer
SIX FLAGS THEME PARKS INC.
By: /s/ Xxxxx X. Xxxxxxxxxx
-----------------------------------------
Name: Xxxxx X. Xxxxxxxxxx
Title: Chief Financial Officer
ASTROWORLD GP LLC
ASTROWORLD LP LLC
AURORA CAMPGROUND, INC.
DARIEN LAKE THEME PARK AND CAMPING RESORT, INC.
ENCHANTED PARKS, INC.
FIESTA TEXAS, INC.
FRONTIER CITY PROPERTIES, INC.
FUNTIME, INC.
FUNTIME PARKS, INC.
GREAT ESCAPE HOLDING INC.
GREAT ESCAPE LLC
GREAT ESCAPE THEME PARK LLC
HURRICANE HARBOR GP LLC
HURRICANE HARBOR LP LLC
INDIANA PARKS, INC.
KKI, LLC
MWM HOLDINGS INC.
OHIO CAMPGROUNDS INC.
OHIO HOTEL LLC
PARK MANAGEMENT CORP.
PP DATA SERVICES INC.
PREMIER INTERNATIONAL HOLDINGS INC.
PREMIER PARKS HOLDINGS INC.
PREMIER PARKS OF COLORADO INC.
PREMIER WATERWORLD CONCORD INC.
PREMIER WATERWORLD SACRAMENTO INC.
RIVERSIDE PARK ENTERPRISES, INC.
SAN XXXXXXX XXXX GP, LLC
SFJ MANAGEMENT INC.
SFTP INC.
SFTP SAN ANTONIO GP, INC.
SFTP SAN ANTONIO, INC.
SFTP SAN XXXXXXX XX, INC
STUART AMUSEMENT COMPANY
TIERCO MARYLAND, INC.
TIERCO WATER PARK, INC.
WYANDOT LAKE, INC.
By: /s/ Xxxxx X. Xxxxxxxxxx
-----------------------------------------
Name: Xxxxx X. Xxxxxxxxxx
Title: Chief Financial Officer
SF SPLASHTOWN INC.
SF SPLASHTOWN GP INC.
SIX FLAGS EVENTS INC.
SIX FLAGS EVENTS HOLDING CORP.
SIX FLAGS SERVICES, INC.
SIX FLAGS SERVICES OF ILLINOIS, INC.
SIX FLAGS SERVICES OF MISSOURI, INC.
SIX FLAGS SERVICES OF TEXAS, INC.
By: /s/ Xxxxx X. Xxxxxxxxxx
-----------------------------------------
Name: Xxxxx X. Xxxxxxxxxx
Title: Chief Financial Officer
ASTROWORLD LP
By: Astroworld GP LLC,
its General Partner
By: /s/ Xxxxx X. Xxxxxxxxxx
-----------------------------------------
Name: Xxxxx X. Xxxxxxxxxx
Title: Chief Financial Officer
ELITCH GARDENS L.P.
By: Premier Parks of Colorado Inc.,
its General Partner
By: /s/ Xxxxx X. Xxxxxxxxxx
-----------------------------------------
Name: Xxxxx X. Xxxxxxxxxx
Title: Chief Financial Officer
FRONTIER CITY PARTNERS LIMITED PARTNERSHIP
By: Frontier City Properties, Inc.,
its General Partner
By: /s/ Xxxxx X. Xxxxxxxxxx
-----------------------------------------
Name: Xxxxx X. Xxxxxxxxxx
Title: Chief Financial Officer
HURRICANE HARBOR LP
By: Hurricane Harbor GP LLC,
its General Partner
By: /s/ Xxxxx X. Xxxxxxxxxx
-----------------------------------------
Name: Xxxxx X. Xxxxxxxxxx
Title: Chief Financial Officer
SF PARTNERSHIP
By: Six Flags Theme Parks Inc.,
its General Partner
By: /s/ Xxxxx X. Xxxxxxxxxx
-----------------------------------------
Name: Xxxxx X. Xxxxxxxxxx
Title: Chief Financial Officer
SIX FLAGS SAN ANTONIO, L.P.
By: SFTP San Antonio GP, Inc.,
its General Partner
By: /s/ Xxxxx X. Xxxxxxxxxx
-----------------------------------------
Name: Xxxxx X. Xxxxxxxxxx
Title: Chief Financial Officer
SIX FLAGS SPLASHTOWN L.P.
By: SF Splashtown GP Inc.,
its General Partner
By: /s/ Xxxxx X. Xxxxxxxxxx
-----------------------------------------
Name: Xxxxx X. Xxxxxxxxxx
Title: Chief Financial Officer
SIX FLAGS EVENTS L.P.
By: Six Flags Events Inc.,
its General Partner
By: /s/ Xxxxx X. Xxxxxxxxxx
-----------------------------------------
Name: Xxxxx X. Xxxxxxxxxx
Title: Chief Financial Officer
SAN ANTONIO THEME PARK, L.P.
By: San Xxxxxxx Xxxx GP, LLC,
its General Partner
By: /s/ Xxxxx X. Xxxxxxxxxx
-----------------------------------------
Name: Xxxxx X. Xxxxxxxxxx
Title: Chief Financial Officer
THE BANK OF NEW YORK,
as Syndication Agent
By: /s/ Xxxx X. Xxxxxxx
-----------------------------------------
Name: Xxxx X. Xxxxxxx
Title: Senior Vice President
BANK OF AMERICA, N.A,
as Syndication Agent
By: /s/ Xxxxxx X. Xxxx
-----------------------------------------
Name: Xxxxxx X. Xxxx
Title: Principal
CREDIT LYONNAIS, NEW YORK BRANCH,
as Documentation Agent
By: /s/ Xxxxxx Xxx
-----------------------------------------
Name: Xxxxxx Xxx
Title: Senior Vice President
XXXXXX COMMERCIAL PAPER INC.,
as Administrative Agent
By: /s/ G. Xxxxxx Xxxxxxx
-----------------------------------------
Name: G. Xxxxxx Xxxxxxx
Title: Vice President
EXHIBIT A
LENDER CONSENT LETTER
SIX FLAGS AMENDED AND RESTATED CREDIT AGREEMENT
DATED AS OF JULY 8, 2002
To: Xxxxxx Commercial Paper Inc.,
as Administrative Agent
000 Xxxxxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Attention: Xxxxxxxx Xxxxxxxxxx
Ladies and Gentlemen:
Reference is made to the Amended and Restated Credit
Agreement, dated as of July 8, 2002 (as amended, supplemented or otherwise
modified from time to time, the "Credit Agreement"), among Six Flags, Inc., a
Delaware corporation ("Parent"), Six Flags Operations Inc., a Delaware
corporation ("Holdings"), Six Flags Theme Parks Inc., a Delaware corporation
(the "Primary Borrower"), each Foreign Subsidiary Borrower (together with the
Primary Borrower, the "Borrowers"), the Lenders from time to time parties to the
Credit Agreement, The Bank of New York and Bank of America, N.A., as Syndication
Agents, Credit Lyonnais, New York Branch, as Documentation Agent, and Xxxxxx
Commercial Paper Inc., as Administrative Agent, and (ii) the Guarantee and
Collateral Agreement, dated as of November 5, 1999 (as amended, supplemented or
otherwise modified from time to time, the "Guarantee and Collateral Agreement"),
made by Parent, Holdings, the Primary Borrower and certain Subsidiaries in favor
of the Administrative Agent and consented to pursuant to the Consent and
Confirmation, dated as of July 8, 2002, among Parent, Holdings, the Primary
Borrower, each Foreign Subsidiary Borrower from time to time party thereto, the
Lenders and the Administrative Agent. Unless otherwise defined herein,
capitalized terms used herein and defined in the Credit Agreement are used
herein as therein defined.
The Borrowers have requested that the Lenders consent to
amend the Credit Agreement and the Guarantee and Collateral Agreement on the
terms described in the Amendment (the "Amendment") to which a form of this
Lender Consent Letter is attached as Exhibit A.
Pursuant to Section 13.1(a) of the Credit Agreement and
Section 8.1 of the Guarantee and Collateral Agreement, the undersigned Lender
hereby irrevocably consents to the execution by the Administrative Agent of the
Amendment.
Very truly yours,
(NAME OF LENDER)
By: __________________________________
Name:
Title:
Dated as of November 25, 2003
EXHIBIT B
SCHEDULE 1.1(B)
---------------
To
$1,000,000,000 AMENDED & RESTATED CREDIT AGREEMENT
Between, Among Others,
SIX FLAGS THEME PARKS INC., as PRIMARY BORROWER,
And XXXXXX COMMERCIAL PAPER INC., as ADMINISTRATIVE AGENT
EXISTING PARKS
--------------
The following lists the existing amusement and attraction parks in
which a Loan Party has a direct or indirect interest, whether owned, leased
and/or operated, and whether or not constituting Mortgaged Property
(collectively the "Existing Parks")(1):
I. DOMESTIC
-----------
A. OWNED PARKS:
------------
1. AURORA WOODLANDS INN (a/k/a SIX FLAGS HOTEL OF OHIO) [A]
000 Xxxxx Xxxxxx Xxxx
Xxxxxx, XX 00000
Owner: Ohio Hotel LLC
(SEE NOTE A BELOW)
2. FRONTIER CITY [C]
00000 Xxxxxxxxx Xxxxxxxxxx
Xxxxxxxx Xxxx, XX 00000
Owner: Frontier City Partners Limited Partnership
(SEE NOTE A BELOW)
3. THE GREAT ESCAPE & SPLASHWATER KINGDOM [D]
Xxxxx 0
X.X. Xxx 000
Xxxx Xxxxxx, XX 00000
Owner: Great Escape Theme Park LLC - assets other than
rides
Great Escape LLC - rides
(SEE NOTES A AND P BELOW)
----------------------
(1) May exclude subsequently acquired parcels or rights thereto incidental to
the use or operation of the Existing Parks.
4. SILVERHORN CAMPING RESORT [F]
000 Xxxxx Xxxx
Xxxxxx, XX 00000
Owner: Aurora Campground, Inc.
Mortgagee: Ohio Campgrounds Inc.
(SEE NOTE A BELOW)
5. SIX FLAGS AMERICA [G]
00000 Xxxxxxx Xxxxxx
Xxxxx/Xxxxxxxxxxxxx, XX 00000
Owner: Tierco Maryland, Inc.
(SEE NOTES A AND P BELOW)
6. SIX FLAGS CALIFORNIA (MAGIC MOUNTAIN AND HURRICANE HARBOR)
[H]
00000 Xxxxx Xxxxxxxx Xxxxxxx
Xxxxxxxx, XX 00000
Owner: Six Flags Theme Parks Inc./SF Partnership, as their
interests may appear
(SEE NOTES A AND B BELOW)
7. SIX FLAGS DARIEN LAKE RESORT (AND LODGE AT THE LAKE HOTEL)
[I]
X.X. Xxx 00
0000 Xxxxxxxxx Xxxx
Xxxxxx Xxxxxx, XX 00000
Owner: Darien Lake Theme Park and Camping Resort, Inc.
(SEE NOTES A, N AND P BELOW)
8. SIX FLAGS ELITCH GARDENS [J]
000 Xxxxxx Xxxxxx
Xxxxxx, XX 00000
Owner: Elitch Gardens L.P.
(SEE NOTES A AND O BELOW)
9. SIX FLAGS FIESTA TEXAS [K]
00000 Xxxxxxxxxx Xxxxxxx 00 Xxxx
Xxx Xxxxxxx, XX 00000
Owner/Lessor: Fiesta Texas, Inc. Lessee: San Antonio Theme
Park, L.P.
(SEE NOTES A AND P BELOW)
10. SIX FLAGS GREAT ADVENTURE, WILD SAFARI ANIMAL PARK AND
HURRICANE HARBOR [L]
X.X. Xxx 000
Xxxxxx Xxxxx 000
Xxxxxxx Xxx., XX 00000
Owner: Six Flags Theme Parks Inc./SF Partnership, as their
interests may appear
(SEE NOTES A AND C BELOW)
11. SIX FLAGS GREAT AMERICA [M] X.X. Xxx 0000 000 Xxxxx Xxxxx
00 Xxxxxx, XX 00000
Owner: Six Flags Theme Parks Inc.
(SEE NOTES A AND D BELOW)
12. SIX FLAGS HOUSTON (ASTROWORLD/WATERWORLD) [N] 0000 Xxxxx
Xxxxx Xxxxxxx, XX 00000
Owner/Lessee: Six Flags Theme Parks Inc.
(SEE NOTE A BELOW)
13. SIX FLAGS HURRICANE HARBOR [O]
0000 Xxxx Xxxxx Xxxxxxxxx
Xxxxxxxxx, XX 00000
Owner: Six Flags Theme Parks Inc.
(SEE NOTE A BELOW)
14. SIX FLAGS NEW ENGLAND [R]
X.X. Xxx 000
0000 Xxxx Xxxxxx
Xxxxxx, XX 00000
Owner: Stuart Amusement Company Operator: Riverside Park
Enterprises, Inc. (operator of park and owner of assets)
(SEE NOTES A AND P BELOW)
15. SIX FLAGS ST. LOUIS [S]
Xxxxxxxxxx Xxxxxxx 00 & Allenton/Six Flags Road
Eureka, MO 63025
Owner: Six Flags Theme Parks Inc./SF Partnership, as their
interests may appear
(SEE NOTES A AND G BELOW)
16. SIX FLAGS WORLDS OF ADVENTURE (formerly GEAUGA LAKE and
SEA WORLD OF OHIO) [W]
0000 Xxxxx Xxxxxx Xxxx
Xxxxxx, XX 00000
Owner: Funtime, Inc.
(SEE NOTES A, L AND R BELOW)
17. SPLASHTOWN WATER PARK [X]
00000 Xxxxxxxxxx Xxxxxxx 00 Xxxxx
Xxxxxx, XX 00000
Owner: SF Splashtown L.P.
(SEE NOTE A BELOW)
18. WHITE WATER BAY [AA]
0000 Xxxx Xxxx
Xxxxxxxx Xxxx, XX 00000
Owner: Tierco Water Park, Inc.
(SEE NOTE A BELOW)
B. LEASED/OPERATED PARKS:
----------------------
1. ENCHANTED VILLAGE AND WILD WAVES [B]
00000 Xxxxxxxxx Xxxxxxx Xxxxx
Xxxxxxx Xxx, Xxxxxxxxxx 00000
Lessee: Enchanted Parks, Inc.
(SEE NOTE A BELOW)
2. SIX FLAGS KENTUCKY KINGDOM (Portions owned and leased) [P]
000 Xxxxxxxx Xxxx
Xxxxxxxxxx, XX 00000
Owner/Lessee: KKI, LLC
(SEE NOTES A AND E BELOW)
3. SIX FLAGS MARINE WORLD (Portions leased and operated) [Q]
0000 Xxxxxx Xxxxx Xxxxxxx
Xxxxxxx, XX 00000
Lessee/Operator: Park Management Corp.
(SEE NOTES A AND F BELOW)
4. SIX FLAGS OVER GEORGIA [T]
X.X. Xxx 00000
0000 Xxx Xxxxx Xxxxxxx
Xxxxxxx, XX 00000
Lessee: Six Flags Over Xxxxxxx XX, L.P. (SFOG II, Inc. -
Managing General Partner)
Lessor: Six Flags Over Georgia, LLC (not a wholly-owned
affiliate)
(SEE NOTE H BELOW)
5. SIX FLAGS OVER TEXAS [U]
2201 Road to Six Flags
Xxxxxxxxx, XX 00000
Lessee: Texas Flags, Ltd. (Six Flags Over Texas, Inc. -
Managing General Partner)
Lessor: Six Flags Fund II, Ltd. (not a wholly-owned
affiliate)
(SEE NOTE H BELOW)
6. SIX FLAGS WHITE WATER (AND AMERICAN ADVENTURES
ENTERTAINMENT PARK) [V]
000 Xxxxx Xxxx Xxxxxxx
Xxxxxxxx, XX 00000
Owner: SFOG Acquisition Company LLC
(SEE NOTE M BELOW)
7. WATERWORLD USA/CONCORD [Y]
0000 Xxxxxxxxxx Xxxxxxx
Xxxxxxx, XX 00000
Ground Lessee: Premier Waterworld Concord Inc.
(SEE NOTE I BELOW)
8. WATERWORLD USA/SACRAMENTO [Z]
0000 Xxxxxxxxxx Xxxxxxxxx
Xxxxxxxxxx, XX 00000
Ground Lessee: Premier Waterworld Sacramento Inc.
(SEE NOTE J BELOW)
9. WYANDOT LAKE [BB]
X.X. Xxx 000
00000 Xxxxxxxxx Xxxxx
Xxxxxx, XX 00000
Lessee: Wyandot Lake, Inc.
(SEE NOTE K BELOW)
10. SIX FLAGS NEW ORLEANS (Portions owned and leased)
00000 Xxxx Xxxxxx Xxxxxxxxx
Xxx Xxxxxxx, XX 00000
Owner/Lessee: SFL MANAGEMENT INC.
(SEE NOTE S BELOW)
II. INTERNATIONAL
-----------------
1. BELLEWAERDE
Xxxxxxxxx 000
X-0000 Xxxxx, Xxxxxxx
Owner: Walibi, S.A. (through Bellewaerde Park B.V.
B.A./S.P.R.L)
2. LA RONDE
Province of Xxxxxx
Xxxx xxx Xxxxxxxx xx Xxxxxxxx, Xxxxxx
Lessee/Operator: Parc Six Flags Montreal, a limited
partnership (Parc Six Flags Montreal Inc. - general
partner; & Funtime Parks Inc. - limited partner)
3. SIX FLAGS BELGIUM
X-0000 Xxxxx, Xxxxxxx
Owner: Walibi, S.A. (owned by Premier International
Holdings Inc.)
4. SIX FLAGS XXXXXXX
Xxxxxxxx 00
XX-0000 XX Xxxxxxxxxxxxx, the Netherlands
Owner: Walibi, S.A. (owned by Premier International
Holdings Inc.)
5. SIX FLAGS MEXICO
Carretera Picacho al Ajusco 1500
Col Heroes xx Xxxxxxxx
Mexico, D.F. C.P. 14200
Owner: (through Reino Aventura, S.A. de C.V. and Ventas Y
Servicios al Consumidor S.A. de C.V.)
6. WALIBI AQUITAINE
F-47310 Roquefort, France
Owner: Walibi, S.A. (through Parc Agen S.A.S.)
7. WALIBI RHONE-ALPES
X-00000 Xxx Xxxxxxxxx, Xxxxxx
Owner: Walibi, S.A. (through Avenir Land S.A.S.)
8. WALIBI SCHTROUMPF
Xxxx Xxxxxxx
F-57280 Maizieres Xxx Xxxx, France
Owner: Walibi, S.A. (through Parc Xxxxxxx X.X.)
9. MOVIE WORLD GERMANY
Xxxxxx Xxxxx X
X-00000 Xxxxxxx, Xxxxxxx
Owner: Movie World GmbH & Co. KG (indirectly owned by
Walibi S.A.)
10. WARNER BROS. MOVIE WORLD SPAIN (Recently Opened)
Parque Tematico de Madrid, S.A.
Xxxxxxxxx X-000 Xx 00,000
X-00000 Xxx Xxxxxx de la Vega, Madrid, Spain
Owner: Parque Tematico de Madrid, S.A., a Spanish limited
liability company
Manager: MWM Management LLC (joint venture with Warner
Bros. International Recreation Enterprises, a division of
Time Warner Entertainment Company L.P.)
NOTES:
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A. Pursuant to the Credit Agreement dated as of November 5, 1999 (the
"Existing Credit Agreement") by and among, among others, SFTP, as
Primary Borrower, and Xxxxxx Commercial Paper Inc., as Administrative
Agent, the Owners/Lessees have granted to the "Lenders" a "Mortgage"
(as defined therein) secured by a lien on these Mortgaged Properties
(as defined therein), which Existing Credit Agreement is being
amended and restated in its entirety pursuant to the Amended and
Restated Credit Agreement to which this is annexed. Subsequently,
Partial Releases of Mortgage or Deed of Trust have been, or shall be,
delivered and are intended to be recorded releasing immaterial
portions of, among other Existing Parks, Six Flags Great Adventure,
Six Flags Houston, Six Flags St. Louis and Six Flags Darien Lake due
to county road widening projects and other municipal improvement
projects, and of Six Flags Marine World due to property substitutions
permitted under the Marine World Agreements.
B. Valuation Research Corporation Value-In-Use Report dated as of
5/31/99 (the "Value Report") states that the site contains a total of
257.26 acres of which 157.26 acres are allocated to the park/water
park.
C. Additional vacant land, contiguous and non-contiguous to the Park,
was acquired by SFI's predecessor subsequent to its original
acquisition of said Park, of which small portions are currently, or
have recently been: (a) subject to boundary line agreements, (b)
subject to an "even" exchange with nearby properties and (c) the
subject of various agreements in lieu of taking by local governmental
authorities. Furthermore, a small jughandle is the subject of a
pending dedication to the New Jersey Department of Transportation as
part of its wetlands mitigation obligations. There are slight
deviations among certain property information in the aggregate and
breakdown figures as follows: (a) a survey prepared by Xxxxxxxx
Engineering Inc. date 7/13/98 states that the Park site contains
2,010.926+/-(developed and vacant) acres and a letter from Xxxxxxxx
Engineering Inc. dated 6/17/98 states that in addition to such 2,011
acres, an additional 192.41 acres of various vacant parcels are owned
which are contiguous and non-contiguous to the site; (b) Value Report
states that the site contains a total of 2,216.95 acres which are
allocated as follows: Safari - 350 acres; theme park - 125 acres;
parking - 84 acres; administrative and maintenance - 20 acres; vacant
developable land - 818.975 acres; and wetlands - 818.975 acres and
(c) a summary of the current land holdings dated 1/1/98 prepared by
the Park's management states that 2,216.92 acres are owned, and
allocated as follows: park/safari - 2,019.99 acres and various
parcels contiguous and non-contiguous to park/safari - 196.93 acres.
D. Value Report states that the site contains approximately 438.03 acres
of which approximately 304.30 acres are allocated to the park and
approximately 133.73 acres were acquired in 1995 for the construction
of a water park.
E. Approximately 38 acres are leased under ground leases with terms
(including renewal options) expiring in 2021 (Xxxxxxx), 2049
(Xxxxxxx) and 2049 (State), respectively, with the balance owned by
KKI, LLC. The Owner has acquired an additional parcel of land located
at 000 Xxxxxx Xxxxxx, Xxxxxxxxxx, XX.
F. The leased portion of the site or "private parcel" is comprised of a
48.539 acre parcel plus two parcels located within the operated
property or "public parcel" totaling 6.798 acres. The public parcel
is comprised of a 87.3723 acre parcel minus the 6.798 acre parcels.
This site has been the subject of substitutions of "public" parcel
land for an approximately equivalent sized portion of the "private"
parcel land in connection with the 1998 and 1999 capital improvements
6
pursuant to Amendments No. 1 and 2 to the Parcel Lease, and is
intended hereafter to be the subject thereof for 2000, 2001 and 2002
capital improvements.
G. The Value Report states the site contains 501.61 acres.
X. Xxxxxx is the limited partner of the partnership that owns the park.
The two park leases expire in 2027 and 2028, respectively, at which
time PPI or its subsidiaries have the option to acquire all of the
interest in the respective lessor not previously acquired.
I. The site is ground leased from the City of Concord. The lease expires
in 2025 and there are five five-year renewal options.
J. The site is ground leased from the California Exposition and State
Fair ("Cal Expo"). The lease expires on December 31, 2015 and,
subject to the satisfaction of certain conditions, may be renewed for
an additional ten-year term upon notice given on or before December
31, 2005. The original lease was amended and restated in connection
with the buy-back by Cal Expo of the Paradise Family Fun Park portion
leased thereunder.
K. The site is subleased from the Columbus Zoo. The lease expires in
1999 and there are two five-year renewal options, the first of which
will be exercised in that year. Acreage for this site does not
include approximately 30 acres of parking which is shared with the
Columbus Zoo.
L. The Owner has acquired an additional 38 acres of vacant land adjacent
to the park identified as portions of parcel No. 02-267000 being part
of Tract 3, Lots 29 and 30 and also an additional 5.40 acres of land
identified as parcel No. 02-420210 being part of Xxxxx 0, Xxx 00.
M. These parks were acquired by SFOG Acquisition Company LLC, in which
Six Flags Over Xxxxxxx XX, L.P. is the managing member, which limited
partnership is the lessee of Six Flags Over Georgia and is not a
wholly-owned subsidiary of SFI.
N. The Owner has acquired an additional 5.439 acres of land (Swift
Property) and an undetermined amount of land along an abandoned
railroad right-of-way.
O. The Owner has acquired three additional parcels of land located at
0000 Xxxxx Xxxxxx, Xxxxxx, XX.
P. Amount of either total, or allocated, acreage nominally differs (by
@10-15+/-acres) from what is stated in the 1999 Annual Report.
Q. SFI, either directly or through a subsidiary, leases various other
office space in New York, NY, Oklahoma City, OK and Glendale, CA.
R. The Park is comprised of the following two contiguous parks which
were combined in February, 2001 to become Six Flags Worlds of
Adventure: (i) facility f/k/a Six Flags Ohio and Geauga Lake
Amusement Park located at 0000 Xxxxx Xxxxxx Xxxx, Xxxxxx, XX
comprised of 301.40 +/- acres and (ii) facility f/k/a/Sea World of
Ohio located at 0000 Xxxxxxx Xxxx (x/x/x Xxx Xxxxx Xxxxx), Xxxxxx,
Xxxx comprised of 220.71 acres.
S. Approximately 141 acres of this Park is ground leased under that
certain Lease Agreement with the Industrial Development Board of the
City of New Orleans, Inc., as lessor, and SFJ Management Inc.
("SFJ"), as lessee, dated as of August 23, 2002, with the balance,
consisting of approximately 86 acres, being owned in fee simple by
SFJ.
Exhibit C
SCHEDULE 7.8
------------
To
$1,000,000,000 AMENDED & RESTATED CREDIT AGREEMENT
Between, Among Others,
SIX FLAGS THEME PARKS INC., as PRIMARY BORROWER,
And XXXXXX COMMERCIAL PAPER INC., as ADMINISTRATIVE AGENT
MATERIAL REAL PROPERTIES
------------------------
See Schedule 1.1(b), which includes all Real Property
owned, leased or operated by, and which is material to the operation of the
Business of, Parent, Holdings or its Subsidiaries as of the date set forth in
Section 7.8.
