| Ticker: PARK | 11501 Northeast Expressway | |
| Exchange: NASDAQ-National Market | Oklahoma City, Oklahoma 73131 | |
| Industry: Service | (405) 475-2500 |
| Type of Shares: | Common Shares | Filing Date: | 4/25/96 | |
| U.S. Shares: | 3,425,000 | Offer Date: | 5/29/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $15.00 - $17.00 | |
| Primary Shares: | 3,425,000 | Offer Price: | $18.00 | |
| Secondary Shares: | 0 | Gross Spread: | $1.26 | |
| Offering Amount: | $54,800,000 | Selling: | $0.76 | |
| Expenses: | $450,000 | Reallowance: | $0.10 | |
| Shares Out After: | 10,843,484 |
| Manager | Tier | Phone |
| Lehman Brothers Incorporated | Lead Manager | (212) 640-6129 |
| Furman Selz Incorporated | Co-manager | (212) 309-8200 |
| Auditor: KPMG Peat Marwick | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 3/31/96 | 3/31/95 | 3/31/96 | ||
| Revenue: | $41.50 | $2.43 | $1.57 | Assets: | $162.63 |
| Net Income: | -$1.05 | -$5.23 | -$1.31 | Liabilities: | $121.95 |
| EPS: | -$0.40 | -$1.15 | -$0.39 | Equity: | $40.68 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company is a leading theme park company that owns and operates six regional parks with an aggregate 1995 attendance of approximately 4.1 million. The parks are located in five geographically diverse markets with concentrated populations: (i) Washington, DC/Baltimore (Adventure World); (ii) Buffalo/Rochester (Darien Lake); (iii) Cleveland (Geauga Lake); (iv) Columbus (Wyandot Lake); and (v) Oklahoma City (Frontier City and White Water Bay). The company seeks to provide its customers with quality family entertainment that is affordably priced and close to home. The company's parks drew an average approximately 87.0% of their patrons in 1995 from within a 100-mile radius, with approximately 39.3% of visitors utilizing group and other pre-sold tickets and approximately 15.5% utilizing season passes. Each of the parks in individually themed and provides a complete family-oriented entertainment experience. The parks generally offer a broad selection of state-of-the-art and traditional thrill rides, water attractions, themed areas, concerts and shows, restaurants, game venues and merchandise outlets. |
| Use of Proceeds |
| The proceeds from the offering will be used to acquire and make improvements at additional theme parks, fund improvements and expansion of the company's existing parks, and for general corporate purposes, including working capital. |
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