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.

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