Sat, Jun 13th, 2009
NEW YORK — The amusement park company Six Flags is seeking Chapter 11 bankruptcy protection, saying it needs to reorganize and shed $1.8 billion of debt.
Mark Shapiro, the New York-based company's chief executive officer, says the move won't affect the operation of its 20 theme parks in the U.S., Mexico and Canada.
Six Flags says it actually had a great year in 2008. It saw 25 million visitors and posted record revenues. But executives are trying to lighten a $2.4 billion debt load that they say is unsustainable.
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Related videos from YouTube:
- Six Flags New England Future(WWLP) - A live interview with the president of Six Flags New England, Larry Litton, on the park and company's future after its' Chapter 11 bankruptcy filing. www.wwlp.com
- Six Flags Bankruptcy Future(WWLP) - 22News spoke with the President of Six Flags New England to find out how its recent Chapter 11 bankruptcy filing will affect business.
- Six Flags May File For BankruptcyAGAWAM, Mass. (WWLP) - Troubled theme park Six Flags may file for Chapter 11 bankruptcy. Six Flags New England is in Agawam.
- Six Flags Files for Chapter 11Washington Redskins owner Daniel M. Snyder and other Six Flags shareholders, including Bill Gates's Cascade Investment, are likely to see their shares wiped out as a result of the theme park ...
Related stories from Digg:
Six Flags Set to Prove That Going Green Can Save Money
Six Flags Theme Parks announced some sweeping green initiatives for their parks. What makes this so interesting is the timing. Six Flags just recently announced that it has filed for bankruptcy and now they announce this huge green movement. Are they truly trying to be green or is this actually just another sign that going green can save money?(Business & Finance)
BruzzFri, Jun 19th, 20091 Diggs, 0 CommentsSix Flags Files for Bankruptcy Protection: No White Flag Unf
Why the filing is no big deal...(Travel & Places)
vernoncrumrineTue, Jun 16th, 20092 Diggs, 0 CommentsSix Flags Theme Park Files For Bankruptcy
The theme-park chain announced on Saturday that it is filing for chapter 11 bankruptcy. “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.” (Business & Finance)
Action54Mon, Jun 15th, 20091 Diggs, 0 Comments
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