Cedar Fair executives look to refinance $1.6 billion in debt

Posted Thursday, April 22, 2010 11:58 AM | Contributed by Jeff

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.

Thursday, April 22, 2010 11:59 AM
Jeff's avatar

"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 - Phrazy

Thursday, April 22, 2010 12:19 PM
Carrie M.'s avatar

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

Thursday, April 22, 2010 2:20 PM

It's amazing when Dick chooses to take off or put on his rose colored glasses.


You must be logged in to post

POP Forums - ©2022, POP World Media, LLC