Six Flags amends loan to relax leverage and fixed charge coverage ratios

By Sara Rosenberg

New York, Nov. 25 - Six Flags Inc. said it amended its senior credit facility, relaxing the leverage ratio covenant through 2005 and the fixed charge coverage ratio covenant through June 30, 2007.

Furthermore, the amendment allows the company to enter into fixed-to-floating interest rate hedge arrangements.

More than 80% in interest of the lenders under the facility consented to the amendment, according to a company news release.

Six Flags is an Oklahoma City-based theme park company.

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