Exhibit 99.1
[Six Flags logo] 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 PRICES $195 MILLION OF NEW SENIOR NOTES
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NEW YORK, January 6, 2005 - Six Flags, Inc. (NYSE: PKS) announced today
that it has priced $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 are being 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.
As previously announced, all of 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 9-5/8% senior notes due 2014 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.
(more)
11501 Northeast Expressway o Oklahoma City, Oklahoma 73131o
Tel: 405-475-2500 o Fax: 405-475-2555
122 East 42nd Street o 49th Floor o New York, New York 10168
o Tel: 212-599-4690 o Fax: 212-949-6203
SIX FLAGS PRICES $195 MILLION OF NEW SENIOR NOTES
JANUARY 6, 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.
You may register to receive Six Flags, Inc. future press releases or to download
a complete Digital Investor Kit(TM) including press releases, regulatory filings
and corporate materials by clicking on the "Digital Investor Kit(TM)" icon at
www.kcsa.com.