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Author Topic: SIX FLAGS TO EXIT BANKRUPTCY AS SOON AS NEXT WEEK  (Read 2157 times)

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Offline rjholla2003

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SIX FLAGS TO EXIT BANKRUPTCY AS SOON AS NEXT WEEK
« on: April 28, 2010, 06:21:23 PM »
This is GREAT news!

From the AP report found here

Quote
WILMINGTON, Del. — Bondholders who have been fighting over control of Six Flags told a bankruptcy judge on Wednesday that they have agreed on a revised Chapter 11 reorganization plan for the theme park operator.
Under the agreement announced in court after last-minute settlement negotiations, holders of junior notes issued by holding company Six Flags Inc. will assume control of the New York company. Six Flags owns 20 amusement parks across the U.S., Mexico and Canada.

Also noteworthy, the chain is looking to finish emerging from Chapter 11 as early as next Monday, May 3rd.

With the weight of the debt off of the company's shoulders, it will be very interesting to see the path that Six Flags starts to take in the near future. This is definitely very exciting news.
Peep the concept, you've got progress, you've got congress
We protest in hopes they confess, just proceed on your conquest
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Offline Blackhand1001

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Re: SIX FLAGS TO EXIT BANKRUPTCY AS SOON AS NEXT WEEK
« Reply #1 on: April 28, 2010, 06:58:42 PM »
Well this is good news indeed. Looking forward to Six Flags pulling out of these rough times.

Offline nitrorox1414

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Re: SIX FLAGS TO EXIT BANKRUPTCY AS SOON AS NEXT WEEK
« Reply #2 on: April 29, 2010, 05:19:55 PM »
Yay :) Im happy! Ceder Fair on the other hand