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It means that the comapny is doing a financial
restructuring of their debt.
The current management team inherited a $2.4
billion debt load that cannot be sustained,
particularly in these challenging financial markets,
said Six Flags Chief Executive Mark Shapiro in a
statement. As a result, we are cleaning up the
past and positioning the company for future growth.
He said the Chapter 11 filing would have no impact
on day-to-day operations of the corporation's 20
theme parks.
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