CEDAR FAIR, L.P. (NYSE:FUN) Files An 8-K Other Events
Item8.01
| Other Events. |
On April10, 2017, Cedar Fair, L.P. (Cedar Fair) issued (1)a news
release announcing that it, together with its wholly owned
subsidiaries Magnum Management Corporation (Magnum), Canadas
Wonderland Company (Cedar Canada) and Millennium Operations LLC
(Millennium and, collectively, with Cedar Fair, Magnum and Cedar
Canada, the Issuers), commenced a private offering of $500
million aggregate principal amount of senior unsecured notes due
2027 (the Notes) and (2)a news release announcing that the
Issuers priced the offering of Notes.
Concurrently with the closing of the offering of the Notes, Cedar
Fair will close on new senior secured credit facilities,
consisting of a $750 million seven-year term loan facility and a
$275 million five-year revolving credit facility (the New Credit
Facilities). The offering of the Notes is not conditioned upon
completion of the New Credit Facilities and related refinancing.
Cedar Fair intends to use the net proceeds of the offering,
together with borrowings under the New Credit Facilities, to
redeem all of its 5.25% senior unsecured notes due 2021, as well
as accrued interest and transaction fees and expenses, to repay
in full all amounts outstanding under its existing credit
facilities and for general corporate purposes. The news releases
related to these announcements are filed as Exhibits 99.1 and
99.2 to this Current Report on Form 8-K and are incorporated
herein by reference.
| Item9.01 | Financial Statements and Exhibits. |
(d) Exhibits.
| 99.1 |
Text of news release issued by Cedar Fair on April10, 2017, regarding the commencement of a private offering of the Notes. |
|
| 99.2 |
Text of news release issued by Cedar Fair on April 10, 2017, regarding the pricing of the Notes. |
About CEDAR FAIR, L.P. (NYSE:FUN)
Cedar Fair, L.P. is an operator of regional amusement parks. The Company owns approximately 10 amusement parks, three outdoor water parks, an indoor water park and five hotels. The Company operates through amusement/water parks with accompanying resort facilities segment. Its amusement parks include Cedar Point, located on Lake Erie between Cleveland and Toledo in Sandusky, Ohio; Kings Island near Cincinnati, Ohio; Canada’s Wonderland near Toronto, Canada; Dorney Park & Wildwater Kingdom (Dorney Park), located near Allentown in South Whitehall Township, Pennsylvania; Valleyfair, located near Minneapolis/St. Paul in Shakopee, Minnesota; Michigan’s Adventure located near Muskegon, Michigan; Kings Dominion near Richmond, Virginia; Carowinds in Charlotte, North Carolina; Worlds of Fun located in Kansas City, Missouri; Knott’s Berry Farm, located near Los Angeles in Buena Park, California, and California’s Great America (Great America) located in Santa Clara, California. CEDAR FAIR, L.P. (NYSE:FUN) Recent Trading Information
CEDAR FAIR, L.P. (NYSE:FUN) closed its last trading session down -0.03 at 68.65 with 63,549 shares trading hands.
