Published at 4:00 PM on June 15, 2009

Six Flags Files for Bankruptcy

Six Flags Files for Bankruptcy

Be still, our pre-teen hearts: Amusement park chain Six Flags filed for Chapter 11 bankruptcy over the weekend, an action that triggers wistful memories of hot summer weekends spent waiting in lines for Batman: The Ride and those ever-Roaring Rapids. Will we ever again relive those days? The future actually sounds favorable.

Six Flags CEO Mark Shapiro said through the company's website that the operation of all 20 locations will continue normally, and that the attempt to shed $1.8 billion in debt is "strictly a financial restructuring." All that debt aside, Six Flags is said to be doing fine. According to Shapiro, the 2008 year brought in 25 million visitors and made $275 million. Not bad.


Although the chain may be playing catch-up for a while (reportedly it inherited $2.4 billion in debt), it doesn't look like Six Flags will be raising the white flag anytime soon.

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