http://www.businessweek.com/news/2011-11-23/six-flags-seeks-1-15-billion-in-loans-to-refinance-debt.html

Wow. I don't know much about finances, but I'm pretty sure this is a dumb idea.

Actually, no.

Six will get a much lower interest rate and thus have to pay back far less money. In addition, the covenants demanded by the lenders will be far less restrictive. Standard and Poors has already put the company on watch for possible positive upgrade.

As predicted by many, Moody's has raised its rating outlook for SIX to positive, based largely on the refi:

http://m.cnbc.com/us_news/45468805

That's pretty awesome for this chain. Wonder if CF could do anything like this? Might help with their outlook.

Cedar Fair refinanced earlier. The rate SIX is now trying to get is about the same as FUN's current rate.

Thank you for the clarification. Can't hardly keep up any more. Got a nearly 3 year old to contend with. Lots of fun! The magic of Christmas is back for me! Sorry for the off-topic comments.

Completed. Projected savings of $13 million per year, plus far less restrictive covenants:

http://investors.sixflags.com/phoenix.zhtml?c=61629&p=irol-newsArticle&ID=1641497&highlight=