- The Washington Times - Monday, March 16, 2009

NEW YORK (AP) - The president and chief executive of Six Flags says one key debtholder is holding up negotiations for an out-of-court refinancing deal.

CEO Mark Shapiro did not name the debtholder but said it was a portfolio fund manager. He was speaking to investors on a quarterly conference call Monday.

The situation is increasing the theme park operator’s difficulty is avoiding a Chapter 11 bankruptcy filing.

Shapiro is stressing that the company’s restructuring _ whether in or out of court _ will not affect the experience visitors have at its theme parks.

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