Cedar Fair L.P., owner of the Kings Island amusement park in Mason, announced that it, together with its wholly owned subsidiaries Magnum Management Corp. and Canada’s Wonderland Co. has completed issuing $500 million aggregate principal amount of 5.25 percent senior unsecured notes due 2021.
Concurrently, Cedar Fair terminated its existing credit facilities and entered into a new $630 million senior secured term loan and a new $255 million senior secured revolving credit agreement. Cedar Fair said it used the net proceeds from the offering of the notes, along with proceeds from the new senior secured credit facilities and cash on hand, to repay in full all amounts outstanding under its existing credit facilities.
