Industry > Six Flags News

SIX FLAGS TO EXIT BANKRUPTCY AS SOON AS NEXT WEEK

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rjholla2003:
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.
--- End quote ---

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.

Blackhand1001:
Well this is good news indeed. Looking forward to Six Flags pulling out of these rough times.

nitrorox1414:
Yay :) Im happy! Ceder Fair on the other hand

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