International Business Times logo International Business Times 1 month ago

Six Flags agrees to Avenue Capital bankruptcy plan

The world's largest regional theme park operator filed for bankruptcy in the middle of the year with a plan that transferred almost all of its stock to senior lenders, including JPMorgan Chase & Co, in return for cutting its debt. Full Article at International Business Times

Related Topics:

  1. Charter Communications, Inc.
  2. J.P. Morgan Chase & Co.
  3. Quebecor World Inc.

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  2. DealBreaker logo
    More Flags, No Fun
    1 month ago

    The new plan, which was filed with the court on Saturday, is based on proposals by the Avenue Capital group of bondholders and includes selling $450 million in new stock to increase the money available for creditors…. Full Article at DealBreaker

  3. Reuters logo
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    1 month ago

    WILMINGTON, Del. , Nov 9 (Reuters) - Bankrupt Six Flags Inc (SIXFQ.OB) has submitted a new reorganization plan that represents a victory for hedge fund Avenue Capital Management, which fought an initial proposal that gave little to bondholders. Full Article at Reuters

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Related Quotes

  1. At this time, I felt like it was the right time to sell the business to a group that could continue to build the park and make it a better place for families in Nashville to visit
    Mike Williams – Mike Williams SOURCE: The Tennessean 1 month ago
  2. I really give in effect zero credence to the Goldman report
    SOURCE: Reuters 1 month ago
  3. Speaking for myself, I appreciate the extraordinary quality of the lawyering exhibited by all parties
    SOURCE: Law.com 1 month ago
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  1. Nalin (bottom), a one-year-old male white Bengal tiger, ducks as Akasha, a one-year-old female Bengal tiger, jumps over him at Six Flags Discovery Kingdom in Vallejo, CA on Tuesday, Sept. 22, 2009.
  2. VALLEJO, CA - DECEMBER 19: A 10 month-old cougar named Takoda opens Christmas gifts filled with play toys and pine cones December 19, 2007 at Six Flags Discovery Kingdom in Vallejo, California. Three 10 month-old cougars received gifts to celebrate their first Christmas.
  3. CHICAGO - OCTOBER 27: Police walk by a cutout of Jamie Dimon, CEO of JPMorgan Chase, during a rally calling for bank reform near the Sheraton Hotel where the American Bankers Association's (ABA) annual convention was being held October 27, 2009 in Chicago, Illinois.
  4. Jamie Dimon, chairman and CEO of JPMorgan Chase, speaks at the Securities Industry and Financial Marketers Association annual meeting in New York,October 27, 2009.
  5. NEW YORK - OCTOBER 14: A sign on the outside of a Chase bank branch October 14, 2009 in New York City. JP Morgan Chase & Co. reported large third-quarter earnings of 3.6 billion and said it approximately doubled the amount of money it allocated for failed home and credit card loans.
  6. NEW YORK - OCTOBER 14: A trader talks on the phone on the floor of the New York Stock Exchange on October 14, 2009 in New York, New York. The Dow Jones industrial average past the 10,000 mark in afternoon trading for the first time in a year.
  7. NEW YORK - SEPTEMBER 25: James Dimon, Chairman and CEO of JP Morgan Chase, attends a panel on finance at the Clinton Global Initiative (CGI) September 25, 2009 in New York City.

Cast of Characters

  1. FDIC FDIC
  2. Barack Obama Barack Obama
  3. Barney Frank Barney Frank
  4. U.S. Senate U.S. Senate
  5. Christopher Dodd Christopher Dodd
  6. Lloyd Blankfein Lloyd Blankfein