Cedar Fair Announces Successful Closing of $1.0 Billion Term Loan B and $300 Million Revolving Credit Facility
Cedar Fair, L.P. (FUN)
Last cedar fair, l.p. earnings: 11/6 04:00 am
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ir.cedarfair.com/investor-home/default.aspx
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Source: Business Wire
SANDUSKY, Ohio--(BUSINESS WIRE)--Cedar Fair, L.P. (NYSE: FUN) (the “Company”), a leader in regional amusement parks, water parks, and immersive entertainment, today announced it has entered into new credit facilities (the “New Credit Facilities”), comprising of a 7-year $1.0 billion senior secured term loan B maturing in 2031 and a new $300 million revolving credit facility maturing in 2028.Cedar Fair is using the proceeds from the new term loan and cash on hand to fund the previously announced redemption of all of its outstanding $1.0 billion 5.500% Senior Secured Notes due in May 2025 on May 2, 2024, and to pay related expenses of the refinancing. The new revolving credit facility will replace Cedar Fair’s existing revolving credit facility.“We are very pleased with the solid execution of the transaction and strong market demand for our term loan,” said Cedar Fair CFO Brian Witherow. “The overall strength of our balance sheet and strong 2023 financial performance created an oppo
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News
- Cedar Fair, L.P. (NYSE: FUN) had its price target lowered by analysts at Mizuho from $56.00 to $55.00. They now have a "buy" rating on the stock.MarketBeat
- Cedar Fair, L.P. (NYSE: FUN) is now covered by analysts at StockNews.com. They set a "buy" rating on the stock.MarketBeat
- 'Top Thrill 2' roller coaster at Cedar Point closes indefinitely just days after long-awaited opening [FOX News]FOX News
- Gudetama Cafe, devoted to Sanrio's lazy egg, is open in Buena Park [Los Angeles Times (CA)]Los Angeles Times
- Cedar Fair, L.P. (NYSE: FUN) had its price target raised by analysts at Truist Financial Co. from $45.00 to $50.00. They now have a "buy" rating on the stock.MarketBeat
FUN
Earnings
- 5/9/24 - Beat
FUN
Sec Filings
- 5/9/24 - Form 10-Q
- 5/9/24 - Form 425
- 5/9/24 - Form 8-K
- FUN's page on the SEC website