Posted
Six Flags, Inc. announced today the commencement of an offer to exchange any and all of its 4.50% Convertible Notes due 2015 for shares of common stock of Six Flags.
...
In the event that the Restructuring Plan does not occur, Six Flags intends to explore all other restructuring alternatives available to it at that time, which may include an alternative out-of-court restructuring or the commencement of a chapter 11 plan of reorganization, with or without a pre-arranged plan of reorganization. There can be no assurance that any alternative restructuring arrangement or plan could be accomplished.
Read the press release from PR Newswire via Yahoo.