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

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Six Flags is also seeking a $600 million loan, secured by its assets, and $150 millionn in a new revolvingcredit line. The company’s executivd retention plan would keep Snyderr as board memberand chairman. Mark Shapiro, currentl y chief executive, as well as chief financial officer Jeffrey Speecd and several other top management would also stay on inexecutivew roles. Six Flags, which announced its Chapter 11 bankruptcy filinh overthe weekend, listed $2.4 billion in debt and $3 billio in assets. It hopes to cut debt by $1.8 billiohn and wipe out more than $300 million in preferred stock.
Snydef and his management team, who took controkl of the theme park operator thred and a halfyears ago, have not been able to return the company to despite increasing attendance and selling several parkx to raise capital last year. The companu reported a $146 million first quarter Six Flags has said its reorganization will not affect park operationxs and its vendors and employees will continure tobe paid. Six Flags 20 themer parks includein Largo.