Six Flags' Shapiro discusses plans at hotel summit

Posted | Contributed by coasterguts

Six Flags is shifting capital spending away from high priced thrill rides as it seeks to lure more families to its theme parks and pay down debt, the company's new chief executive said on Tuesday. The company, which now carries $2.1 billion in long-term debt, plans to strengthen its balance sheet by selling off unwanted assets and by tapping more aggressively into the family market.

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