The Associated Press
July 29, 2010, 3:11PM ET
Cedar Fair completes refinancing, adds flexibility
SANDUSKY, Ohio
Amusement park operator Cedar Fair Entertainment Co. said Thursday that it completed refinancing of its senior secured credit, which extends the maturity dates for the company's debt.
The Sandusky, Ohio, company said its new senior secured credit consist of a $260 million revolving credit line that matures in July 2015, and a $1.17 billion term loan that matures in December 2016.
Cedar Fair Chairman and CEO Dick Kinzel said in a statement from the company the refinancing significantly enhances its financial flexibility.
Cedar Fair shares rose 15 cents to $13.91 in afternoon trading.
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