UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported) July 28, 2006
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Six Flags, Inc.
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(Exact Name of Registrant as Specified in Its Charter)
Delaware
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(State or Other Jurisdiction of Incorporation)
1-13703 13-3995059
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(Commission File Number) (IRS Employer Identification No.)
1540 Broadway; 15th Floor
New York, New York 10036
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(Address of Principal Executive Offices) (Zip Code)
(212) 652-9403
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(Registrant's Telephone Number, Including Area Code)
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(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):
|_| Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))
|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))
Item 1.01 Entry into a Material Definitive Agreement.
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On July 28, 2006, Six Flags, Inc. (the "Company") entered into an
amendment of the Amended and Restated Credit Agreement, dated as of July 8,
2002, as amended (the "Credit Agreement"), to (i) waive compliance with the
financial covenants in the Credit Agreement for the period ending June 30, 2006,
(ii) relax the covenants relating to leverage, interest coverage and debt
service coverage though the end of 2007 and eliminated the covenant relating to
fixed charge coverage through 2007, (iii) permit the disposition of Six Flags
Darien Lake, Six Flags Waterworld (Concord), Six Flags Elitch Gardens, Six Flags
Splashtown, Six Flags Magic Mountain and Hurricane Harbor, Wild Waves and
Enchanted Village, Frontier City and White Water Bay, provided that the Company
must offer to make mandatory prepayments to its term loan lenders with the net
cash proceeds of such dispositions and, in certain cases, make optional
prepayments with such proceeds and (iv) adjust the margin used to calculate the
interest rate in borrowings under the Credit Agreement based on the Company's
debt rating and leverage ratio.
Item 9.01 Financial Statements and Exhibits.
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(d) Exhibits
10.1 Eighth Amendment, dated as of July 28, 2006, to the Amended and
Restated Credit Agreement, dated as of July 8, 2002, among
Six Flags, Inc., certain of its subsidiaries named therein, the
lenders from time to time party thereto and Lehman Commercial
Paper, Inc., as administrative agent.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
SIX FLAGS, INC.
By: /s/ James M. Coughlin
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Name: James M. Coughlin
Title: General Counsel
Date: August 3, 2006
EXHIBIT INDEX
Paper (P) or
Exhibit No. Description Electronic (E)
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10.1 Eighth Amendment, dated as of July 28, 2006, E
to the Amended and Restated Credit Agreement,
dated as of July 8, 2002, among Six Flags, Inc.,
certain of its subsidiaries named therein,
the lenders from time to time party thereto
and Lehman Commercial Paper, Inc., as
administrative agent.