Exhibit 99.2
KCSA
PUBLIC RELATIONS
WORLDWIDE NEWS
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Public & Investor Relations, Corporate & Marketing Communications
FOR: SIX FLAGS, INC.
CONTACT: Jim Dannhauser, Chief Financial Officer
122 East 42nd Street
New York, NY 10168
(212) 599-4693
KCSA: Sarah Shepard/Joseph A. Mansi
CONTACT: (212) 682-6300 ext. 226/205
www.kcsa.com
SIX FLAGS SUBSIDIARY ACHIEVES CONSENT IN
SOLICITATION FOR ITS SENIOR NOTES
NEW YORK, February 14, 2001 - Six Flags, Inc., (NYSE: PKS) announced today that,
as of 5:00 p.m., New York City time, on February 9, 2001, the consent
solicitation relating to the 9-3/4% Senior Notes due 2007 of its primary
operating subsidiary, Six Flags Operations Inc., had expired. As of such time,
Six Flags Operations had received tenders of Notes and related consents from
holders of 99.6% of the $125 million outstanding Notes pursuant to the Offer to
Purchase and Consent Solicitation Statement dated January 29, 2001 and the
related Consent and Letter of Transmittal. The consents were being solicited to
effect certain amendments to the indenture governing the notes. Six Flags
Operations, its subsidiaries that are guarantors and the trustee under the
indenture executed and delivered a supplemental indenture containing the
amendments. The amendments will not become operative until the Notes are
accepted for purchase in accordance with the terms of the tender offer. If the
amendments become operative, holders of all
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SIX FLAGS/2
untendered Notes will be bound thereby. As previously announced, the tender
offer will expire at 5:00 p.m., New York City time, on February 27, 2001, unless
extended by Six Flags Operations.
Six Flags intends to finance the tender offer and consent
solicitation with a portion of the proceeds from its recent offering of $375
million principal amount of its 9-1/2% senior notes due 2009, pursuant to Rule
144A and Regulation S under the Securities Act of 1933, as amended. The balance
of the net proceeds of the offering has been used to repay outstanding
indebtedness. The securities issued in the offering have not been registered
under the Securities Act of 1933 and may not be offered or sold in the United
States, except pursuant to an applicable exemption from such registration
requirements.
Six Flags retained Lehman Brothers to serve as the Dealer Manager
and Solicitation Agent for the tender offer and the consent solicitation.
Requests for documents may be directed to D.F. King & Co., Inc., the Information
Agent at (800) 431-9643. Questions regarding the tender and consent solicitation
may be directed to Lehman Brothers, at (800) 438-3242 (toll-free).
Six Flags, Inc. is the world's largest regional theme park company,
with thirty-eight parks in markets throughout North America and Europe.
# # #
This announcement is not an offer to purchase, a solicitation of an offer to
purchase or a solicitation of consents with respect to the 9-3/4% Senior Notes.
The tender offer and consent solicitation is being made solely by the Offer to
Purchase and Consent Solicitation Statement dated January 29, 2001.
The information contained in this news release, other than historical
information, consists of forward-looking statements within the meaning of
Section 27A of the Securities Act and Section 21E of the Exchange Act. These
statements may involve risks and uncertainties that could cause actual results
to differ materially from those described in such statements. Although Six Flags
believes that the expectations reflected in such forward-looking statements are
reasonable, it can give no assurance that such expectations will prove to have
been correct.
This release and prior releases are available on the KCSA Public Relations
Worldwide website at www.kcsa.com
Contact:
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Six Flags, Inc.
Jim Dannhauser, 212/599-4693
or
KCSA, New York
Sarah Shepard, 212/896-1236
Joseph A. Mansi, 212/896-1205
sshepard@kcsa.com
jmansi@kcsa.com
www.kcsa.com