U.S. theme park operator Six Flags Inc. said yesterday that it could emerge from bankruptcy as soon as March under an $830 million financing deal it is arranging with lenders, Reuters reported yesterday. The company said that it would seek court approval of its proposed reorganization plan in U.S. Bankruptcy Court in March. Six Flags filed for bankruptcy last June as fewer people attended its amusement parks, leaving it struggling with heavy debt. Six Flags’ reorganization plan is supported by a steering committee of its secured creditors and led by investment firm Avenue Capital Management, which would take control of the company under the plan. However, the company’s official unsecured creditors’ committee opposes the plan saying it undervalues the theme park operator. The case is In re  Premier International Holdings Inc., U.S. Bankruptcy Court, District of Delaware, No. 09-12019.

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