Six Flags emerges from Chapter 11

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Six Flags Entertainment, the New York City-based amusement park operator, 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]

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