Cedar Fair to partly repay revolver with proceeds from new notes

By Sarah Lizee

Olympia, Wash., June 18 – Cedar Fair, LP plans to repay a portion of its senior secured revolving credit facility using proceeds from a new $500 million offering of 10-year senior notes, according to a press release.

Proceeds from the offering will also be used for the company’s acquisition of Schlitterbahn Waterpark and Resort New Braunfelsand Schlitterbahn Waterpark Galveston, the purchase of the land upon which California’s Great America amusement park is located, and for general corporate purposes.

Cedar Fair is a Sandusky, Ohio-based amusement-resort operator.

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