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/Erika Levy
CONTACTS: (212) 896-1205 / (212) 896-1208
jmansi@kcsa.com / elevy@kcsa.com
FOR IMMEDIATE RELEASE
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SIX FLAGS CLOSES OFFERING OF NEW CONVERTIBLE SENIOR NOTES
NEW YORK, November 23, 2004 - Six Flags, Inc. (NYSE: PKS) announced today that
it has closed the sale of $39,000,000 aggregate principal amount of its 4.50%
Convertible Senior Notes due 2015 ("Notes") issued pursuant to the exercise by
Lehman Brothers of its over-allotment option granted in connection with the
public offering of $260,000,000 principal amount of Notes. The initial closing
occurred on November 19, 2004. Six Flags intends to use the net proceeds from
the offering to repurchase or redeem a portion of its outstanding 9-1/2% Senior
Notes due 2009 and 8-7/8% Senior Notes due 2010. Lehman Brothers Inc. was the
sole manager of the offering.
This news release shall not constitute an offer to sell or a solicitation of an
offer to buy the convertible senior notes. The offering will only be made by
means of a prospectus. A copy of the prospectus supplement and related base
prospectus concerning the offering may be obtained from Lehman Brothers Inc.,
c/o ADP Financial Services, Integrated Distribution Services, 1155 Long Island
Avenue, Edgewood, NY 11717, Phone (631) 254-7106.
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.
11501 Northeast Expressway o Oklahoma City, Oklahoma 73131
Tel: 405-475-2500 o Fax: 405-475-2555
122 East 42nd Street o 49th Floor o New York, New York 10168
Tel: 212-599-4690 o Fax: 212-949-6203
SIX FLAGS ANNOUNCES CONVERTIBLE DEBT OFFERING
NOVEMBER 23, 2004
PAGE 2
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