Six Flags is on the verge of bankruptcy, but is trying to restructure its massive debt to stave that off, The New York Times reports:
Outside the glare of government bailouts for big banks and federal support for automakers are companies like Six Flags, whose day-to-day businesses may be solid but whose balance sheet is loaded with debt that was piled on during the credit boom but cannot be supported by cash flow from operations.
Oh, I get it. It’s kind of like a newspaper chain.
Six Flags has 12 theme parks in the United States, including one in Agawam, Mass., as well as one in Mexico and one in Canada.