Six Flags delays interest payment on notes, faces 30-day grace period

By Caroline Salls

Pittsburgh, April 15 - Six Flags, Inc. has chosen to take advantage of the 30-day grace period for making the $7 million semiannual interest payment due on its 9¾% senior notes due 2013, according to a company news release.

"We clearly have ample cash and liquidity to fund the April interest payment, but will for the time being put it on hold while we assess and evaluate the restructuring options before us," Six Flags president and chief executive officer Mark Shapiro said in the release.

"We have this window for a reason and we've decided to utilize it."

Six Flags is a regional theme park company based in New York.

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