EXHIBIT 99.1
SIX FLAGS NEWS
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FOR: SIX FLAGS, INC.
CONTACT: Jim Dannhauser, Chief Financial Officer
122 East 42nd Street
New York, NY 10168
(212) 599-4693
KCSA Joseph A. Mansi/Robert Greenberg
CONTACTS: (212) 896-1205 / (212) 896-1265
jmansi@kcsa.com / rgreenberg@kcsa.com
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FOR IMMEDIATE RELEASE
SIX FLAGS CLOSES OFFERING OF NEW SENIOR NOTES
AND
CALLS SENIOR NOTES FOR REDEMPTION
NEW YORK, December 5, 2003 - Six Flags, Inc. (NYSE: PKS) has
announced today that it closed the offering of $325 million aggregate principal
amount of its new series of 9 5/8% senior notes due 2014 pursuant to Rule 144A
and Regulation S under the Securities Act of 1933, as amended. The 9 5/8% senior
notes have not been registered under the Securities Act of 1933 and may not be
offered or sold in the United States, absent registration or an applicable
exemption from such registration requirements.
Six Flags also called for redemption, in accordance with the terms of
the indenture governing its outstanding 9 3/4% senior notes due 2007, $301.5
million aggregate principal amount of such notes, at the applicable redemption
price of 104.875% of the principal amount thereof, plus interest accrued to the
redemption date of January 5, 2004. Six Flags currently has outstanding $423
million aggregate principal amount of its 9 3/4% senior notes due 2007.
Six Flags is the world's largest regional theme park company,
currently with thirty-nine parks throughout North America and Europe.
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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