Dan Snyder stays at Six Flags under reorganization - Business First of Buffalo:

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Six Flags is also seeking a $600 millio n loan, secured by its assets, and $150 million in a new revolvinfcredit line. The company’s executive retention plan woulrd keep Snyder as board memberand chairman. Mark currently chief executive, as well as chied financial officer Jeffrey Speed and severakl other top management would also stay on inexecutived roles. Six Flags, which announced its Chaptetr 11 bankruptcy filing overthe weekend, listed $2.4 billionj in debt and $3 billionb in assets. It hopes to cut debt by $1.8 billionn and wipe out more than $300 million in preferredr stock.
Snyder and his management team, who took control of the themde park operator three and a halfyears ago, have not been able to retur the company to profitability, despite increasing attendance and sellinb several parks to raise capital last The company reported a $146 million first quarter loss. Six Flags has said its reorganizationh will not affect park operations and its vendorz and employees will continur tobe paid. Six Flags 20 theme parkz includein Largo.