Posted Friday, June 13, 2008 9:50 AM | Contributed by Jason Hammond
Six Flags Inc., the second-largest U.S. amusement-park chain, reduced its debt by about $130 million and lowered annual cash interest through a bond-exchange offer to extend maturities. Bondholders swapped $530.6 million in notes due in 2010, 2013 and 2014 for $400 million in bonds maturing in 2016, Six Flags said Thursday in a statement.
Read more from Asbury Park Press.
Wow, I've heard of junk bonds but that must qualify as sh*t bonds. I guess Tony Soprano must have financed the new loan. Or else Six Flags put the debt on their credit cards.
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