Six Flags opts for 30-day grace period for 4.5% convertibles payment

By Jennifer Chiou

New York, May 15 - Six Flags, Inc. announced that it will take advantage of the 30-day grace period for making the about $6 million semiannual interest payment due on its 4.5% convertible senior notes due 2015.

The company said that it is continuing to assess and evaluate its restructuring options.

Under the note indenture, use of the grace period does not constitute a default that permits acceleration of the convertibles.

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

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.