Six Flags may emerge from bankruptcy by Monday

Posted | Contributed by Lord Gonchar

Six Flags Inc. resolved the final objections to its reorganization plan, clearing the way for the bankrupt theme-park owner to leave court protection by Monday, lawyers said. Under the settlement, senior noteholders owed about $420 million will receive $470 million in cash, Harner said. Those noteholders had filed court papers claiming they were owed interest on their debt because it was being paid off early. Executives will sign a four-year contract.

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