Six Flags President and CEO Mark Shapiro says one key debtholder is holding up negotiations for an out-of-court refinancing deal.
Shapiro was speaking to investors on a quarterly conference call today. He didn't name the debtholder but said it was a portfolio fund manager.
The situation is increasing the New York-based theme park operator's difficulty in avoiding a Chapter 11 bankruptcy filing.
Shapiro is stressing that the company's restructuring -- whether in or out of court -- won't affect the experience visitors have at its theme parks.