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Posted: 10:51 a.m. Thursday, Feb. 28, 2013
Cedar Fair Thursday said it intends to do a private offering of $500 million aggregate in senior unsecured notes due in 2021.
Cedar Fair, the parent company of Mason’s Kings Island, plans to use net proceeds of the offering, together with borrowings under new senior secured credit facilities and cash on hand, to repay in full all amounts outstanding under its existing bank lines of credit, the company said.
Completion of the offering is subject to pricing and market conditions, among other things.
Cedar Fair is based in Sandusky and owns 11 amusement parks including Cedar Point and Kings Island, four outdoor water parks, one indoor water park and five hotels.
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