Six Flags Completes Park Sale Transaction

NEW YORK, April 9 /PRNewswire-FirstCall/ -- Six Flags, Inc. (NYSE: SIX) announced today that it has completed the previously announced sale of three of its water parks and four of its theme parks to Parc 7F-Operations Corporation ("PARC") of Jacksonville, FL for $312 million, consisting of $275 million in cash and a note receivable for $37 million.

The seven parks are: Six Flags Darien Lake in Buffalo, NY; Six Flags Elitch Gardens in Denver, CO; Frontier City and the White Water Bay water park in Oklahoma City, OK; SplashTown in Houston, TX; Waterworld USA in Concord, CA; and Wild Waves and Enchanted Village in Seattle, WA.
The Company noted that obligations with respect to 2007 season passes and any committed park events, including group bookings and the previously announced Dream Nite promotion, will continue to be fulfilled under the new park ownership.
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