DivestmentApr 9, 2026, 06:07 AM
Six Flags Sells Maryland Property to Kevin Durant's 35V and TPA Group Joint Venture for Debt Reduction
AI Summary
Six Flags Entertainment Corporation announced that its subsidiary, Six Flags America Property Corporation, has entered into an agreement to sell certain real property located in Prince George’s County, Maryland. The buyer is a joint venture formed by 35V, the investment firm co-founded by NBA champion Kevin Durant and Rich Kleiman, and Atlanta-based TPA Group. This transaction is subject to buyer's diligence and other standard closing conditions. Six Flags intends to utilize the net proceeds from this property sale to reduce its outstanding debt obligations, signaling a strategic move to strengthen its balance sheet.
Key Highlights
- Six Flags Entertainment Corporation's subsidiary, Six Flags America Property Corporation, agreed to sell real property in Prince George’s County, Maryland.
- The buyer is a joint venture between 35V, the investment firm co-founded by Kevin Durant and Rich Kleiman, and Atlanta-based TPA Group.
- The transaction is contingent upon buyer’s diligence and other closing conditions.
- Six Flags expects to use the net proceeds from the sale to pay down its existing debt obligations.