Six Flags reorganises debts
Theme park operator Six Flags Entertainment Corporation has repaid a US$250m (€188m, £158m) higher interest loan by increasing the amount on another loan from US$770m (€578m, £487m) to $950m (€713m, £601m).
As a result, it has lowered the overall borrowing rate to 400 basis points over LIBOR with a 1.50 percent LIBOR floor.
Six Flags, which operates 19 parks across Mexico and the United States, filed for bankruptcy protection in June 2009 and agreed the restructuring loans following a court decision in December 2009.
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