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Cedar Fair readies launch of $650 million term loan B for Tuesday
By Sara Rosenberg
New York, March 27 – Cedar Fair LP is set to hold a lender call on Tuesday to launch a $650 million term loan B that is talked at Libor plus 225 basis points with a 0% Libor floor and an original issue discount of 99.75, according to a market source.
The term loan B includes 101 soft call protection for six months, the source said.
J.P. Morgan Securities LLC is the lead bank on the deal.
Proceeds will be used to refinance existing debt.
Cedar Fair is a Sandusky, Ohio-based regional amusement-resort operator.
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