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
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FOR IMMEDIATE RELEASE
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SIX FLAGS COMMENCES OFFERING
OF NEW SENIOR NOTES
TO REPAY EXISTING INDEBTEDNESS
NEW YORK, January 5, 2005 - Six Flags, Inc. (NYSE: PKS) announced
today that it has commenced an offering of $195 million aggregate principal
amount of its 9-5/8% senior notes due 2014, pursuant to Rule 144A and Regulation
S under the Securities Act of 1933, as amended. The notes will be issued as
additional debt securities under an indenture pursuant to which, on December 5,
2003, the Company previously issued and sold $325 million aggregate principal
amount of its 9-5/8% senior notes due 2014.
The net proceeds of the offering will be used to redeem all of the
Company's outstanding 9 1/2% senior notes due 2009 that have not been
previously called for redemption.
The securities to be offered 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.
# # #
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, INC.
JANUARY 5, 2005
PAGE 2
This announcement is not an offer to sell or the solicitation of an offer to buy
any securities, nor shall there be any sale of the securities in any state where
such offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state.
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 Company's website at
www.sixflags.com.