secwatch.observer — SEC 8-K summary
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Issuer:     CEDAR FAIR L P (—)
CIK:        0000811532
Form:       8-K
Filed at:   2024-05-09T23:59:59+00:00
Accession:  0000811532-24-000076
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cedar Fair reports Q1 net loss $133M, record revenue $102M; declares $0.30 distribution
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- Q1 2024 net loss of $133M ($2.63/diluted LP unit) vs $135M loss ($2.61) in Q1 2023.
- Record net revenues of $102M, up 20% from $85M; attendance rose 27% to 1.3M guests.
- In-park per capita spending $60.53, down 6%; out-of-park revenues of $23M increased 21%.
- Board declares $0.30/unit quarterly distribution, payable June 19, 2024 (unchanged).
- Completed refinancing of $1B 5.5% notes due 2025 with $1B term loan due 2031 at SOFR+200bps; merger with Six Flags on track for Q2 close.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/811532/000081153224000076/0000811532-24-000076-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/811532/000081153224000076/fun-20240509.htm
  HTML page:      https://secwatch.observer/filing/0000811532-24-000076

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer