Great Adventure Outpost

Industry => Six Flags News => Topic started by: rjholla2003 on April 28, 2010, 06:21:23 PM

Title: SIX FLAGS TO EXIT BANKRUPTCY AS SOON AS NEXT WEEK
Post by: rjholla2003 on April 28, 2010, 06:21:23 PM

This is GREAT news!

From the AP report found here (http://www.google.com/hostednews/ap/article/ALeqM5i6VgwVIA3nGQWssTrs5b3dsgvyjwD9FC8BQG4)

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.

Title: Re: SIX FLAGS TO EXIT BANKRUPTCY AS SOON AS NEXT WEEK
Post by: Blackhand1001 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.

Title: Re: SIX FLAGS TO EXIT BANKRUPTCY AS SOON AS NEXT WEEK
Post by: nitrorox1414 on April 29, 2010, 05:19:55 PM

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