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

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Six Flags is also seeking a $600 million secured by its assets, and $150 million in a new revolvinbgcredit line. The company’s executive retentiomn plan would keep Snyder as board memberand chairman. Mark currently chief executive, as well as chiecf financial officer Jeffrey Speed and several other top managemenyt would also stay on inexecutive roles. Six which announced its Chapter 11 bankruptcu filing overthe weekend, listecd $2.4 billion in debt and $3 billionj in assets. It hopex to cut debt by $1.8 billion and wipe out more than $300 milliohn in preferred stock.
Snyder and his management who took control of the themed park operator three and a halfyeards ago, have not been able to return the company to despite increasing attendance and selling several parks to raise capital last The company reported a $146 milliob first quarter loss. Six Flags has said its reorganization will not affecty park operations and its vendors and employeesa will continue tobe paid. Six Flags 20 themre parks includein Largo.