Six Flags debt rallies, sources say bids made on parks

Posted | Contributed by Jason Hammond

Six Flags Inc. bond investors are gaining confidence in the company's plan to return to profit after eight years of losses. Bonds sold have returned 3.91 percent this month. Chairman Daniel Snyder plans to sell six of the company's 30 properties and use the money to reduce debt to $1.6 billion from $2.1 billion. He has received half a dozen bids, said a person familiar with the situation.