Cedar Fair to use long-term borrowings for purchase of waterparks

By Sara Rosenberg

New York, June 13 – Cedar Fair Entertainment Co. plans to use additional long-term borrowings to fund the $261 million acquisition of Schlitterbahn Waterpark and Resort New Braunfels and Schlitterbahn Waterpark Galveston, according to a news release.

Closing is expected this quarter, subject to regulatory approval and other customary conditions.

Cedar Fair is a Sandusky, Ohio-based amusement-resort operator.

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