Six Flags Inc Preferred (fka SIXOQ)

[Estrella]

SIXFP Filings!
http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=6632659
New York, NY — May 29, 2009 — Six Flags, Inc. (OTCBB: SIXF) announced today that it has elected to extend the minimum tender condition for the exchange offers for its 8 7 / 8 % Senior Notes due 2010 (the “SFI 2010 Notes”), 9 3 / 4 % Senior Notes due 2013 (the “SFI 2013 Notes”), 9 5 / 8 % Senior Notes due 2014 (the “SFI 2014 Notes, and, together with the SFI 2010 Notes and the SFI 2013 Notes, the “SFI Notes”) and 4.50% Convertible Notes due 2015 (the “Convertible Notes”) until 5:00 p.m., New York City time, on June 12, 2009 (the “New Minimum Tender Deadline”).



The original minimum tender condition expired at 5:00 p.m., New York City time, on May 28, 2009. In light of tenders to date being substantially below the 95% minimum, Six Flags is extending the minimum tender condition in order to provide additional time for holders to consider tendering and provide its Board of Directors with ample time to consider the Company’s alternatives. Six Flags does not currently anticipate extending the minimum tender deadline beyond the New Minimum Tender Deadline, and if the minimum tender condition is not satisfied by the New Minimum Tender Deadline, the exchange offers will likely expire in accordance with their terms and Six Flags would cancel the meeting of its PIERS holders.



As a result of the extension, it is now a condition of each of the exchange offers that at least 95% of the outstanding aggregate principal amount of each of the SFI Notes are validly tendered for exchange and not revoked by the New Minimum Tender Deadline, such tenders of SFI Notes being irrevocable thereafter, and that at least 95% of the outstanding aggregate principal amount of the Convertible Notes are validly tendered for exchange and not revoked by the New Minimum Tender Deadline and that holders of such Convertible Notes do not withdraw their Convertible Notes on or prior to the Expiration Date on 11:59 p.m., New York City time, on June 25, 2009, unless extended.