Matt39 Posted June 14, 2009 Share Posted June 14, 2009 http://dealbook.blogs.nytimes.com/20...bankruptcy/?hp Quote: Six Flags, the big theme park operator, filed for bankruptcy in early Saturday morning in Delaware after failing to reach an agreement with lenders over a plan to reorganize its debt outside of court. Six Flags became only the latest company to prove unable to cope with its debt load at a time when previous solutions like refinancings are largely unavailable. The theme park operator, which had $2.4 billion in debt, faced nearly $300 million in payments to preferred stockholders due in August. But the company is hoping to make its ride through bankruptcy a short one. In a statement, Six Flags said that it is seeking court approval for a pre-negotiated restructuring plan, one that has the unanimous approval of its lenders. That proposal would eliminate $1.8 billion in debt and slice off the $300 million in preferred stock payments. Link to comment Share on other sites More sharing options...
Jets Babe Posted June 14, 2009 Share Posted June 14, 2009 Could you imagine being in $2.4 billion in debt? Holy ****. Link to comment Share on other sites More sharing options...
rillo Posted June 14, 2009 Share Posted June 14, 2009 Shame, always had fun @ Six Flags in Jersey..... Link to comment Share on other sites More sharing options...
Johnny Bravo Posted June 14, 2009 Share Posted June 14, 2009 Shame, always had fun @ Six Flags in Jersey..... We always go to the park in Louisville, Kentucky. It will be a shame if they have to close. Link to comment Share on other sites More sharing options...
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