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Six Flags St. Louis Eureka, Missouri (636) 938-4800 St. Louis Front Page presents a feature page on Washington Avenue St. Louis Loft District, which has become a vital neighborhood with residential lofts, hotels, restaurants, galleries, nightclubs and other attractions.   |
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ST. LOUIS, MO, (BUSINESS WIRE), June 7, 2009 - Six Flags has announced that they have begun reorganization proceedings under Chapter 11 of the United States Bankruptcy Code in the District of Delaware. In connection with the filing, Six Flags is seeking expedited approval from the Bankruptcy Court of its pre-negotiated plan of reorganization. The plan would result in a deleveraging of the Company's balance sheet by approximately $1.8 billion, as well as the elimination of more than $300 million in mandatorily redeemable preferred stock obligations. The filing marks the final step in Six Flags' ongoing efforts to restructure its debt obligations and position the Company for long-term success. "The current management team inherited a $2.4 billion debt load that cannot be sustained, particularly in these challenging financial markets," said Mark Shapiro, President and CEO of Six Flags. "As a result, we are cleaning up the past and positioning the Company for future growth." "No one should be confused about what a bankruptcy process means for Six Flags. Following a record year of performance in 2008, which completed the three-year turnaround of our system-wide park operation, this action to clean up the balance sheet paves the way for a full revival of the company. We will emerge from this process stronger and more competitive than ever." Shapiro emphasized that the Chapter 11 filing will have no impact on day-to-day park operations. "Our brand and our operations are on solid ground. This process is strictly a financial restructuring of our debt. We are fully committed to ensuring that the experience of our guests this summer is totally unaffected by this restructuring process. During this period we will work even more closely with our vendors, suppliers and employees to deliver the same friendly, clean, fast, safe service our guests have come to expect from the new Six Flags." ST. LOUIS, (SLFP.com) - For the fifth consecutive year, Six Flags St. Louis will bring its guests new and exciting thrills as the park cements its position as the premier "daycation" destination in the Midwest. This season, Hurricane Harbor will celebrate its 10th anniversary in 2009 by expanding the water park to add the exciting Wahoo Racer and the theme park is set to amaze guests with an unparalleled spectacular nighttime parade, Glow in the Park. This six-lane water racer features a triple drop layout that provides maximum speed and airtime. Riders will race head-first on sled-type mats down 262-feet of steep drops and rolls reaching speeds of 35-mph. Wahoo Racer will be designed and built by the award winning manufacturer of water attractions, ProSlide. The new water attraction will be located between The Big Kahuna and the Speed Slide complex in Hurricane Harbor and is scheduled to open Memorial Day weekend 2009. In 2009, Six Flags St. Louis will take its daily parade over the top and leave guests in awe with the introduction of a nighttime parade, Glow in the Park. This unparalleled nighttime spectacular will feature six custom-designed floats, two additional mobile units, 65 light-adorned performers and 35 support staff and technicians. Floats will light up the night with vibrant, multicolored lights illuminating the streets and fill the air with specially arranged cirque-style music. Drummers, puppeteers, singers, dancers and kinetic stilt walkers will surround the floats making the Glow in the Park parade unlike any other in the Midwest.
In 2008, the park introduced Evel Knievel, a 2,700-ft. ride experience that begins with an 80-ft. first drop at a 90° left turn angle, which is answered with a 55-ft. double down drop. Sixteen hills follow with camelbacks, a 40-ft. fan curve and multiple high-banked turns at up to 67° angles. Six Flags St. Louis has additional roller coasters including The Screamin' Eagle (3,872-ft wood), Batman The Ride (steel), Mr Freeze (steel), Ninja-The Black Belt of Coasters (steel) and The River King Mine Train (steel track/wood structure). Hurricane Harbor, is a 12-acre tropical paradise. Set among 20,000 tropical plants including palm trees and a volcano, the water park features 1,500 tons of sand and 1.2-million gallons of fun with six water attractions. A series of four brightly colored tube slides offer guests a watery trip down their choice of partially or totally enclosed 400-ft. twisting tubes from 5-stores high.   The Saint Louis Front Page is owned and maintained by the Moore Design Group for the sole purpose of disseminating news and information about the Metropolitan Saint Louis area. Text or graphics may not be copied, rewritten or distributed in any manner whatsoever without written permission. For more information, contact editor@slfp.com All rights reserved world wide © 1996 - 2009 Moore Design Group. |
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