Avenue Capital Disclosure of Information Provided by Six Flags

NEW YORK, June 15 /PRNewswire/ -- Pursuant to the terms of a Confidentiality Agreement, Avenue Capital Management II, L.P. ("Avenue") today is disclosing certain previously confidential, non-public information regarding Six Flags, Inc. (the "Company") provided by the Company to Avenue on May 21, 2009. Avenue, a global investment management firm, is a creditor of Six Flags, Inc. and its affiliates.

Under the Confidentiality Agreement, dated April 22, 2009, Avenue is entitled to disclose certain information if the Company fails to do so. While the Company has advised Avenue that it does not believe the information provided to Avenue on May 21, 2009 is required to be disclosed, is hypothetical and stale, Avenue is disclosing the information set forth in this paragraph and on Schedule 1. On May 21, 2009 the Company provided EBITDA information of $240 million, $265 million, $285 million and $310 million for the years 2010, 2011, 2012 and 2013, respectively, and capital expenditure information of $105 million for 2010 and $110 million for 2011.

Additionally, on June 13, 2009, after termination of the Confidentiality Agreement, the Company informed Avenue that under the proposed pre-arranged plan of reorganization, lenders under the senior secured credit facility will receive 92% of the reorganized Company's equity.

The information on Schedule 1 may be accessed at:

(Photo: http://www.newscom.com/cgi-bin/prnh/20090615/NY32336-a )

(Photo: http://www.newscom.com/cgi-bin/prnh/20090615/NY32336-b )

Avenue makes no representation or warranty as to the accuracy of the information.

    Contact:      Todd Fogarty
                  Kekst and Company
                  212-521-4854