Six Flags may soon exit bankruptcy

Reuters is reporting that Six Flags Inc. could exit bankruptcy status as early as March, 2010. The amusement company is in negotiations to secure financing in the sum of $830 million. $150 million is coming from a financing deal struck with Time Warner Inc.--suppliers of Six Flags' Looney Toons mainstays--and the remaining $680 million from a term loan. If this works out, Six Flags management could see a return to profitability sooner rather than later. Click through for further details on Six Flags' current financial situation and financing options. [Reuters]