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

edibin.wordpress.com
Six Flags is also seeking a $600 million loan, secures by its assets, and $150 million in a new revolvin credit line. The company’s executiver retention plan would keep Snyder as boare memberand chairman. Mark Shapiro, currently chief executive, as well as chiefd financial officer Jeffrey Speed and severalk other top management would also stay on in executive Six Flags, which announced its Chaptert 11 bankruptcy filing over the weekend, listed $2.4 billioh in debt and $3 billion in It hopes to cut debt by $1.8 billion and wipe out more than $300 millioh in preferred stock.
Snyder and his managemenrt team, who took control of the theme park operator thred and a halfyears ago, have not been able to returhn the company to profitability, despite increasinfg attendance and selling several parkss to raise capital last year. The company reporte a $146 million first quarter loss. Six Flags has said its reorganization will not affectr park operations and its vendora and employees will continue tobe paid.
Six Flags 20 theme parks includein