Six Flags Bankruptcies 2025. Six flags entertainment corporation, the entity resulting from the upcoming merger between cedar fair and six flags, has unveiled its leadership team. Theme park operator six flags inc emerged from chapter 11 bankruptcy on monday after wiping out more than a billion dollars of debt by turning the company's ownership.
Pursuant to the merger agreement, cedar fair and six flags will each merge with and into holdco, with holdco continuing as the surviving entity. The games area photographed at the former six flags in new orleans, wednesday, may 22, 2024.