Mystic Mountain to Ramp-up Capacity, Issues $1.1Bn Bond

• Mystic Mountain recently raised $1.1Bn through a private placement intended to double the park’s capacity and refinance existing debt.   The bond carries a coupon of 7.125% and matures in 7 years.
• The funds raised will among others be used to increase the park's capacity from approximately 200 persons per hour to 400 persons per hour as well as do upgrades to the parks existing facilities.  The former will be facilitated through the creation of new attractions, including roller glider, ropes and wall climbing attractions
• Sygnus Capital was the arranger of the issue which received a rating of “adequate” with a stable outlook from CariCRIS. 

Source: FG