The Real Deal Miami

Six Flags emerges from Chapter 11

May 04, 2010 12:45PM

Six Flags Entertainment, the New York City-based amusement park operator that owns 19 park in the U.S. and globally, has emerged from Chapter 11 bankruptcy protection after reducing its debt by roughly $1.7 billion, the company announced yesterday. According to GlobeSt., the restructuring effort was led by hedge fund manager Stark Investments, which, along with several other new shareholders, committed a combined $725 million in equity to the theme park chain. Six Flags filed for bankruptcy last June. [GlobeSt]