SigENeaT Posted June 14, 2009 Posted June 14, 2009 http://edition.cnn.com/2009/US/06/13/six.flags.bankruptcy/index.html?eref=rss_topstories I hope this isn't a repost... TL;DR.. Not closing down but the belt is tightening and the assets are being rebalanced. In an effort to shed $1.8 billion in debt, popular theme-park chain Six Flags announced Saturday that it was filing for Chapter 11 bankruptcy. The filing will not affect the operation of the company's 20 parks in the United States, Mexico and Canada, said spokeswoman Sandra Daniels. "This restructuring will have no impact on families who come out to our parks. They will not see an inch of difference," Daniels said. In an online letter to employees, President and CEO Mark Shapiro said Six Flags inherited a $2.4 billion debt load that "cannot be refinanced in these financial markets." "This process is strictly a financial restructuring of our debt and that's how you should view it and speak about it," Shapiro said in the message posted on the Six Flags Web site.
jarmor Posted June 14, 2009 Posted June 14, 2009 http://themeparkreview.com/forum/viewtopic.php?t=51113 whoa!! they seem to have filed twice lol!
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