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Six Flags creditors near financing alternative deal

NEW YORK, Feb 25 (Reuters) - Creditors of theme park operator Six Flags SIXFQ.OB who are objecting to the company's bankruptcy exit plan said they are in the final stages of financing an alternative deal.

The holders of approximately $650 million of notes said on Thursday they are close to finalizing debt and equity financing for a deal that would give them ownership of the business.

The plan would pay in cash claims against Six Flags Amusement Park, said the bondholders, known as SFI noteholders.

These bondholders have opposed the plan proposed by senior bondholders, or SFO noteholders, and adopted by the company.

The SFI noteholders said the senior bondholders “refused to negotiate and are trying to acquire the company at a substantial discount in order to wrongfully cutoff the interests of the SFI notes.”

The case is In re: Premier International Holdings Inc, U.S. Bankruptcy Court, District of Delaware, No. 09-12019. (Reporting by Ritsuko Ando and Caroline Humer; Editing by Lincoln Feast)

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