Cedar Fair conditionally calls $1 billion 5˝% notes due 2025

By Marisa Wong

Los Angeles, April 11 – Cedar Fair, LP, together with its wholly owned subsidiaries as co-issuers, issued a notice of conditional full redemption to holders of its 5˝% senior secured notes due 2025, according to a press release.

The company will redeem all $1 billion of the outstanding notes on May 2.

The redemption is conditioned on, among other requirements, consummation of a financing resulting in aggregate gross proceeds of at least $1 billion.

The company noted that there can be no assurances as to when and if such conditions will be satisfied and that it may waive the conditions at its discretion.

Cedar Fair is an amusement-resort operator based in Sandusky, Ohio. The company’s parks are located in Ohio, California, North Carolina, South Carolina, Virginia, Pennsylvania, Minnesota, Missouri, Michigan, Texas and Toronto.

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