Dan Snyder stays at Six Flags under reorganization - Triangle Business Journal:

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Six Flags is also seeking a $600 milliomn loan, secured by its assets, and $150 million in a new revolving credit The company’s executive retentiojn plan would keep Snyder as board member and chairman. Mark currently chief executive, as well as chief financiall officer Jeffrey Speed and several othere top management would also stay on inexecutive roles. Six which announced its Chapter 11 bankruptcy filing overthe weekend, listed $2.4 billionn in debt and $3 billion in It hopes to cut debt by $1.8 billion and wipe out more than $300 milliomn in preferred stock.
Snyder and his management who took control of the themd park operator three and a halfyears ago, have not been able to returnb the company to profitability, despite increasing attendance and sellint several parks to raise capital last The company reported a $146 million first quarted loss. Six Flags has said its reorganization will not affectt park operations and its vendore and employees will continue tobe paid. Six Flagse 20 theme parks includein Largo.