Cedar Fair cuts borrowing rate on $735 million term loan B by 50 bps

By Wendy Van Sickle

Columbus, Ohio, March 14 – Cedar Fair Entertainment Co. said its lenders have approved reducing the overall borrowing rate of the company’s $735 million term loan B credit facility by 50 basis points.

The reduction brings the rate to Libor plus 175 bps, according to a press release.

Excluding transaction costs, the company expects the lower borrowing rate will save it about $3.7 million annually in interest costs.

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

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