Cedar Fair executives look to refinance $1.6 billion in debt
Posted
Since the $2.4 billion deal with Apollo Global Management was ended by mutual agreement April 6, top executives of the Sandusky-based amusement park chain have been meeting with lenders to negotiate better terms for the company's huge debt load.
Read more from The Toledo Blade.
"What we're hearing is that the markets are opening up. It's difficult to gauge that until you go to the markets to determine whether that's the case or not, so that's why they're out there."
Perhaps the genius running the company should have gone to said markets before trying to sell the company. Duh.
Jeff - Editor - CoasterBuzz.com - My Blog
Well, in fairness, it took a while to explain that the "market" is not the place where one buys groceries. It was hard to understand that it's not really open 24 hours like it says on the side of the building.
"If passion drives you, let reason hold the reins." --- Benjamin Franklin
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