Sunday, June 14, 2009

Six Flags Filing Chapter 11 Bankruptcy June-14 2009

Debt-ridden amusement park operator Six Flags has filed for Chapter 11 bankruptcy reorganization.

The New York-based chain of parks, which runs Six Flags Discovery Kingdom in Vallejo, has been trying to renegotiate terms with lenders on hundreds of millions of dollars in debt.

Six Flags parks, including Discovery Kingdom., will continue to operate as usual under reorganization.

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