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 revolvinfgcredit line. The company’sd executive retention plan would keep Snyderd as board memberand chairman. Mark currently chief executive, as well as chief financial officed Jeffrey Speed and several other top managementg would also stay on in executive Six Flags, which announced its Chapter 11 bankruptcy filing over the weekend, listedf $2.4 billion in debt and $3 billion in It hopes to cut debt by $1.8 billiojn and wipe out more than $300 million in preferrede stock.
Snyder and his management team, who took control of the theme park operator three and a halfyearws ago, have not been able to return the companyu to profitability, despite increasing attendance and sellinfg several parks to raisd capital last year. The company reported a $146 millio n first quarter loss. Six Flags has said its reorganization will not affecty park operations and its vendors and employees will continue tobe paid.
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