Six Flags Adds Five More Parks to US Portfolio

Houston, Phoenix, Buffalo, and Oklahoma City Parks Expand Market Reach

GRAND PRAIRIE, Texas– Six Flags Entertainment Corporation (NYSE:SIX), the world’s
largest regional theme park company, today announced it has entered into
a purchase agreement with affiliates of Premier Parks, LLC to acquire
the lease rights to operate five parks owned by EPR Properties
(NYSE:EPR). The parks have previously been operated by Premier Parks,
LLC of Oklahoma City. These latest acquisitions will expand the
company’s portfolio of North American parks to twenty-five.

“Today’s announcement represents another milestone in our strategic
North-American growth initiative to seek out park acquisitions that
expand our addressable market,” said Six Flags Chairman, CEO, and
President, Jim Reid-Anderson. “These are all fantastic properties that
complement our existing portfolio and provide tremendous added value and
cross-visitation opportunities for our extensive Membership and Season
Pass base.”

The parks joining the Six Flags family are:

  • Wet n’ Wild Splashtown, Houston’s largest waterpark, with more than 48
    lush acres and a wide selection of thrilling waterslides and
    attractions, along with two children’s areas;
  • Wet n’ Wild Phoenix, the largest waterpark in Arizona (located in the
    Adobe Dam Recreation Area), featuring 35 acres of high-speed slides
    and two pools, and also offering a Wet n’ Wild Jr. section with
    kid-friendly versions of some of the park’s most thrilling attractions;
  • Darien Lake near Buffalo, NY, a beautiful resort property located on
    approximately 1,000 acres that includes a theme park, waterpark,
    campground, hotel, and a 21,000-seat amphitheater;
  • Frontier City, an iconic part of the Oklahoma City landscape, is
    steeped in tradition. The park features a western theme and offers an
    extensive lineup of exciting rides, attractions, and shows geared to
    every member of the family; and
  • White Water Bay, near Frontier City, a tropical oasis with more than
    25 acres of waterslides, interactive water play areas, and pools.

Six Flags is the largest regional theme park operator in the world and
upon closing of the transactions, will be the largest waterpark operator
in North America. With the addition of these five properties that
entertained approximately two million guests in 2017, there will be an
additional 20 million guests within a 100-mile radius of a Six Flags
park, significantly expanding the company’s national footprint.

“We are thrilled to welcome these outstanding properties and employees
into our family of parks and look forward to sharing the thrill of Six
Flags with guests of all ages in these key markets,” added Reid-Anderson.

Closing of the transactions contemplated by the agreement is expected to
occur in June, 2018 and is subject to customary closing conditions.

About Six Flags Entertainment Corporation

Six Flags Entertainment Corporation is the world’s largest regional
theme park company with $1.4 billion in revenue and 20 parks across the
United States, Mexico and Canada. For 57 years, Six Flags has
entertained millions of families with world-class coasters, themed
rides, thrilling water parks and unique attractions.

Forward Looking Statements

The information contained in this 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. These risks and uncertainties include, among others,
(i) the adequacy of cash flows from operations, available cash and
available amounts under our credit facilities to meet our future
liquidity needs, (ii) our ability to roll out our capital enhancements
in a timely and cost effective manner, (iii) our ability to improve
operating results by implementing strategic cost reductions, and
organizational and personnel changes without adversely affecting our
business, (iv) our operations and results of operations, and (v) the
risk factors or uncertainties listed from time to time in the company’s
filings with the Securities and Exchange Commission (“SEC”). In
addition, important factors, including factors impacting attendance,
such as local conditions, natural disasters, contagious diseases,
events, disturbances and terrorist activities; recall of food, toys and
other retail products sold at our parks; risk of accidents occurring at
the company’s parks or other parks in the industry and adverse publicity
concerning our parks or other parks in the industry; inability to
achieve desired improvements and our aspirational financial performance
goals; adverse weather conditions such as excess heat or cold, rain and
storms; general financial and credit market conditions; economic
conditions (including customer spending patterns); changes in public and
consumer tastes; construction delays in capital improvements or ride
downtime; competition with other theme parks and other entertainment
alternatives; dependence on a seasonal workforce; unionization
activities and labor disputes; laws and regulations affecting labor and
employee benefit costs, including increases in state and federally
mandated minimum wages, and healthcare reform; pending, threatened or
future legal proceedings and the significant expenses associated with
litigation; cyber security risks and other factors could cause actual
results to differ materially from the company’s expectations. Although
the company believes that the expectations reflected in such
forward-looking statements are reasonable, it can give no assurance that
such expectations will be realized and actual results could vary
materially. Reference is made to a more complete discussion of
forward-looking statements and applicable risks contained under the
captions “Cautionary Note Regarding Forward-Looking Statements” and
“Risk Factors” in the company’s Annual and Quarterly Reports on Forms
10-K and 10-Q, and its other filings and submissions with the SEC..

This article provided by NewsEdge.