-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, OFyZpOdVW2/v5CAEpmcdW260Cm3Pc819VJYeQgxt9CBRXu5m3198aRVCSjkqLsgx 9l/4fWbJycP0xg6wqlWJRg== 0000912057-01-001126.txt : 20010123 0000912057-01-001126.hdr.sgml : 20010123 ACCESSION NUMBER: 0000912057-01-001126 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20010110 ITEM INFORMATION: FILED AS OF DATE: 20010111 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SIX FLAGS INC CENTRAL INDEX KEY: 0000701374 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MISCELLANEOUS AMUSEMENT & RECREATION [7990] IRS NUMBER: 736137714 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-13703 FILM NUMBER: 1507090 BUSINESS ADDRESS: STREET 1: 11501 NE EXPWY CITY: OKLAHOMA CITY STATE: OK ZIP: 73131 BUSINESS PHONE: 4054752500 MAIL ADDRESS: STREET 1: 122 EAST 42ND STREET 49TH STREET CITY: NEW YORK STATE: NY ZIP: 10168 FORMER COMPANY: FORMER CONFORMED NAME: TIERCO GROUP INC/DE/ DATE OF NAME CHANGE: 19920703 8-K 1 a2035096z8-k.txt 8-K SECURITIES AND EXCHANGE COMMISSION WASHINGTON D.C. 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) January 10, 2001 ------------------------------- SIX FLAGS, INC. (Formerly Premier Parks Inc.) - -------------------------------------------------------------------------------- (Exact name of registrant as specified in its charter) Delaware 0-9789 73-613774 - -------------------------------------------------------------------------------- (State or other (Commission (IRS Employer jurisdiction of File Number) Identification No.) incorporation) 11501 Northeast Expressway, Oklahoma City, Oklahoma 73131 - -------------------------------------------------------------------------------- (Address of principal executive offices, including zip code) Registrant's telephone number, including area code (405) 475-2500 ----------------------------- (Former name or former address, if changed since last report) ITEM 5. OTHER EVENTS AND REGULATION FD DISCLOSURE. Exhibit A: Annexed hereto is the press release of the Registrant dated January 10, 2001 announcing the execution of an agreement to acquire Sea World of Ohio and Public Offering. 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. Dated: January 11, 2001 SIX FLAGS, INC. By: /s/ Kieran E. Burke --------------------------------------- Kieran E. Burke Chairman of the Board and Chief Executive Officer EX-99.1 2 a2035096zex-99_1.txt EXHIBIT 99.1 Exhibit 99.1 KCSA PUBLIC RELATIONS WORLDWIDE NEWS - -------------------------------------------------------------------------------- PUBLIC & INVESTOR RELATIONS, CORPORATE & MARKETING COMMUNICATIONS FOR: SIX FLAGS, INC. CONTACT: James F. Dannhauser, Chief Financial Officer 122 East 42nd Street New York, NY 10168 (212) 599-4693 KCSA Sarah Shepard / Joseph A. Mansi CONTACT: (212) 896-1236 / (212) 896-1205 sshepard@kcsa.com / jmansi@kcsa.com ----------------- --------------- FOR IMMEDIATE RELEASE --------------------- SIX FLAGS ANNOUNCES AGREEMENT TO ACQUIRE SEA WORLD OF OHIO PARK AND PUBLIC OFFERING ----- NEW YORK, January 10, 2001 - Six Flags, Inc. ("Six Flags" or the "Company") (NYSE: PKS and PKSPrA) announced today that it has entered into a definitive agreement to acquire for $110.0 million in cash substantially all of the assets of Sea World of Ohio, a 232 acre marine wildlife park located adjacent to the Company's Six Flags Ohio theme park. Commenting on the transaction, Kieran E. Burke, Chairman and Chief Executive Officer of Six Flags, stated, "We are very pleased to be able to acquire the Sea World facility to complement our neighboring Six Flags Ohio park. Assuming that the transaction is completed, the consolidation of the two parks under one owner, together with our campgrounds and hotel, will enable us to offer a very attractive regional destination experience. We believe we can increase attendance and revenue at both parks through joint season pass and other joint ticketing and marketing programs and can increase operating efficiencies at both facilities through shared expenses." The completion of the transaction is subject to customary conditions including the expiration of the Hart-Scott-Rodino waiting period. Six Flags also announced today that it was commencing under its existing shelf registration statement a public offering of $175 million of convertible preferred stock (assuming no exercise of the underwriters' over-allotment option). A portion of the net proceeds of the offering is expected to be used to fund the Sea World acquisition, with the balance to be used for general corporate purposes. (more) 800 SECOND AVENUE TEL 212 682 6300 E-MAIL pr@kcsa.com NEW YORK, NY 10017 FAX 212 697 0910 www.kcsa.com SIX FLAGS/2 As previously announced, in December 2000, Six Flags acquired Enchanted Village, a water and children's ride park near Seattle, Washington, and entered into a letter of intent to acquire La Ronde, a theme park located in Montreal. Together with Sea World of Ohio, these parks had aggregate attendance in 2000 of approximately 2.9 million, generated revenues of approximately $75.0 million and would have had park level operating cash flow of approximately $17 million (after giving effect to the impact of new ground leases at Enchanted Village and La Ronde and to the elimination of certain expenses expected as a result of the acquisitions). "We expect these assets to generate approximately $20 million in park-level operating cash flow in 2001 with minimal capital expenditures," added Mr. Burke. Six Flags, Inc. is the world's largest regional theme park company, with thirty-seven parks in markets throughout North America and Europe. As previously noted, Six Flags expects full-year adjusted EBITDA for 2000 to be between $400 and $405 million. ------------------------------------------------- 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. -----END PRIVACY-ENHANCED MESSAGE-----