We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Six Flags Amended Plan Gives Creditors Better Shake

Law360 (November 9, 2009, 5:47 PM EST) -- Bankrupt Six Flags Inc. has rejigged its Chapter 11 reorganization plan to sweeten the deal for creditors, saying sound management and an economic upturn have given it more latitude with lenders.

The theme park owner filed a modified plan Saturday in the U.S. Bankruptcy Court for the District of Delaware, saying it had managed to meet management expectations despite bad weather in the Northeast and swine flu.

Management's performance, along with thawing credit markets, allow the company to restructure what had been a somewhat unpopular plan,...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.