Six Flags offers to swap debt for equity

Posted Friday, April 17, 2009 10:47 PM | Contributed by Jeff

Debt-laden theme-park operator Six Flags Inc. is seeking to exchange a chunk of its debt for equity, in a deal that would leave its existing stockholders with a 5% stake in the company. The company again warned that if the offering isn't successful, it may have to pursue an out-of-court restructuring or a Chapter 11 filing.

Read more from The Wall Street Journal.

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