Six Flags CEO says creditor refuses to talk about debt restructuring

Posted March 16, 2009, 2:16P | Contributed by Jeff

Six Flags Inc. Chief Executive Mark Shapiro said one of the theme park owner’s biggest debt holders refuses to meet with the company on restructuring.

“One of our principal debt holders who holds a significant amount of our senior notes due 2010 has thus far resisted a consensual restructuring,” Shapiro said today on a conference call, without giving details. The portfolio manager “has refused to even meet with me in person. The auto companies have an easier time getting a meeting with the United Auto Workers.”