Press Release
January 19, 2001
NEW YORK, NY -- Six Flags, Inc. (``Six Flags'' or the ``Company'') (NYSE: PKS and PKSPrA) announced yesterday that
its public offering of 10,000,000 Preferred Income Equity Redeemable Shares (excluding 1,500,000 shares subject
to the underwriters' over-allotment option) has been priced at $25.00 per share.
The shares accrue dividends at 7 1/4% per annum and are convertible into common stock at an initial rate of 1.1990
shares of common stock for each preferred share, representing a conversion premium of 20%.
Assuming no exercise of the underwriters' over-allotment option, and before deducting offering expenses, the total
price to public is $250,000,000, the underwriting discount is $7,812,500 and proceeds to the Company is $242,187,500.
The lead manager of this offering is Lehman Brothers.
Six Flags, Inc. is the world's largest regional theme park company, currently with thirty-seven parks in markets
throughout North America and Europe.
This announcement does not constitute an offer to sell or the solicitation of an offer to buy any convertible preferred
stock described herein, nor shall there be any sale of these securities in any state in which such offer, solicitation
or sale would be unlawful prior to the registration or qualification of such securities 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 Securities Exchange Act.
These statements may involve risks and uncertainties that could cause actual results to differ materially from
those described in such statements. Although the Company 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. Important
factors, including general economic conditions, consumer spending levels, adverse weather conditions and other
factors could cause actual results to differ materially from the Company's expectations.
This release and prior releases are available on the KCSA Public Relations Worldwide Web site at www.kcsa.com.
--------------------------------------------------------------------------------
Contact:
Six Flags, Inc.
James F. Dannhauser, 212/599-4693
or
KCSA, New York
Sarah Shepard/Joseph A. Mansi, 212/896-1236/ 212/896-1205
sshepard@kcsa.com / jmansi@kcsa.com