Cedar Fair announces plan to deal with debt

SANDUSKY Cedar Fair, in order to alleviate its debt load, announced today its intention to sell $500 million in unsecured notes.
CWelch
May 21, 2010

SANDUSKY

Cedar Fair, in order to alleviate its debt load, announced today its intention to sell $500 million in unsecured notes.

As part of its overall refinancing plan, Cedar Fair is also launching the syndication of new senior secured credit facilities. Cedar Fair intends to use the net proceeds from the offering of the notes, along with the new senior secured credit facilities, to repay in full all amounts outstanding under its existing credit facilities.   Read all about Cedar Fair's Ups and Downs by clicking HERE.

Read more about what this means to local shareholders and for the entertainment company's future in Friday's Register.