Cedar Fair announces offering of $450 million senior unsecured notes

Posted Thursday, May 29, 2014 9:04 AM | Contributed by Jeff

[Ed. note: The following is an excerpt of a press release. -J]

Cedar Fair, L.P. (NYSE: FUN) (the "Company" or "Cedar Fair") today announced that it, together with its wholly owned subsidiaries Magnum Management Corporation ("Magnum") and Canada's Wonderland Company (together with Magnum, the "Co-Issuers"), intends to commence a private offering of $450 million aggregate principal amount of senior unsecured notes due 2024 (the "Notes"). Obligations under the Notes will be guaranteed by the Company's wholly-owned subsidiaries (other than the Co-Issuers). The Company intends to use the net proceeds of the offering to redeem all of its 9.125% senior unsecured notes due 2018 (the "2018 Senior Notes"), exercise its right to satisfy and discharge the indenture governing the 2018 Senior Notes and for general corporate purposes. Completion of the offering is subject to, among other things, pricing and market conditions.

The initial issuance and sale of the Notes will not be registered under the Securities Act, and, the Notes may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and other applicable securities laws.

Read the entire press release from Cedar Fair.

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