Six Flags buckling under debt weight

March 13, 2009 4:57:02 AM PDT
Company hires a bankruptcy advisor to help avoid Chapter 11.

The next few months may be a roller coaster ride for Six Flags.

The company, which runs 20 theme parks across the country, including Great Adventure in Jackson township, New Jersey may not be able to afford a 280 million dollar debt payment that's coming due in August.

If it can't renegotiate the terms of its debt, Six Flags says it may have to file for bankruptcy.

A company spokesman insists Six Flags will be open for business, with or without a bankruptcy filing.

Morey money-related links:

CLICK HERE to follow Action News on Twitter

CLICK HERE to get Action News on your website

CLICK HERE to find Action News on Facebook

Click here to get the latest Philadelphia news and headlines from across the Delaware and Lehigh valleys.


Load Comments