Six Flags Emerges from Bankruptcy
Posted on May 18, 2010 2:05pm PDT
Six Flags has emerged from Chapter 11 bankruptcy after a restructuring process that cut the amusement park's debt by $1.7 billion. The company is now backed by $725 million in equity committed by new shareholders. The company originally filed for Chapter 11 bankruptcy protection in 2009 after failing to refinance its heavy debt burden.
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