{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-129363","form_type":"8-K","ticker":null,"cik":"0000811532","company_name":"CEDAR FAIR L P","filed_at":"2024-05-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:22.039067+00:00","generated_at":"2026-06-03T01:14:43.818188+00:00","sec_items":["1.01","2.03","8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Cedar Fair closes $1.0B term loan B and $300M revolver; redeems 5.5% 2025 notes","bullets":["Entered into $1.0B senior secured term loan B maturing 2031 and $300M revolver maturing 2028.","Proceeds from term loan and cash on hand used to redeem all $1.0B of 5.500% Senior Secured Notes due 2025.","Term loan bears Term SOFR plus 2.00%; revolver bears Term SOFR or CORRA plus 2.00%.","Existing revolving credit facility replaced; Goldman Sachs served as lead arranger.","CFO cited 'strong balance sheet and 2023 performance' as enabling favorable terms."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-129363","json":"https://secwatch.observer/filing/0001193125-24-129363.json","markdown":"https://secwatch.observer/filing/0001193125-24-129363.md","text":"https://secwatch.observer/filing/0001193125-24-129363.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/811532/000119312524129363/0001193125-24-129363-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/811532/000119312524129363/d807694d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T01:14:43.818188+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"47605cb9574a7b11931b170e340764acd467a923","claim":"CEDAR FAIR L P incurred revolving credit of $300.0 million revolving credit facility with Wells Fargo Bank, National Association at Term SOFR or Term CORRA plus a margin of 2.00% per annum or base rate or Canadia maturing February 10, 2028.","evidence_excerpt":"a $300.0 million revolving credit facility maturing in 2028 (the \"Revolving Credit Facility\"","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/811532/000119312524129363/0001193125-24-129363-index.htm","confidence":0.99,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$300.0 million revolving credit facility"},{"label":"Counterparty","value":"Wells Fargo Bank, National Association"},{"label":"Rate","value":"Term SOFR or Term CORRA plus a margin of 2.00% per annum or base rate or Canadia"},{"label":"Maturity","value":"February 10, 2028"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"a3caf89fd80093374cfa356a0965dadc466b8edd","claim":"CEDAR FAIR L P incurred credit facility of $1.0 billion senior secured term loan B with Wells Fargo Bank, National Association at Term SOFR plus a margin of 2.00% per annum or base rate plus a margin of 1.00% p maturing May 1, 2031.","evidence_excerpt":"Wells Fargo Bank, National Association, as administrative agent and collateral agent. The New Credit Agreement governs Cedar Fair’s new credit facilities, comprising of a 7-year $1.0 billion senior secured term loan B maturing in 2031 (the “Term Loan”) and a $300.0 million revolving credit facility maturing in 2028 (the “Revolving Credit Facility” and, together with","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/811532/000119312524129363/0001193125-24-129363-index.htm","confidence":0.99,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$1.0 billion senior secured term loan B"},{"label":"Counterparty","value":"Wells Fargo Bank, National Association"},{"label":"Rate","value":"Term SOFR plus a margin of 2.00% per annum or base rate plus a margin of 1.00% p"},{"label":"Maturity","value":"May 1, 2031"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"b9d0beb5cd76059c4b26d789345fbea8e2b287f9","claim":"CEDAR FAIR L P entered into New Credit Agreement with the lenders party thereto and Wells Fargo Bank, National Association, as administrative agent and collateral agent valued at $1.0 billion senior secured term loan B and $300.0 million revolving credit facility (effective 2024-05-01).","evidence_excerpt":"On May 1, 2024, Cedar Fair, L.P. (“Cedar Fair”) entered into a credit agreement, dated as of May 1, 2024 (the “New Credit Agreement”), by and among Cedar Fair, Canada’s Wonderland Company (“Canada’s Wonderland”) and Millennium Operations LLC (“Millennium Operations”, and, collectively with Cedar Fair and Canada’s Wonderland, the “Borrowers”), the other subsidiary borrowers party thereto, the guarantors party thereto, the lenders party thereto and Wells Fargo Bank, National Association, as administrative agent and collateral agent.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/811532/000119312524129363/0001193125-24-129363-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"the lenders party thereto and Wells Fargo Bank, National Association, as administrative agent and collateral agent"},{"label":"Value","value":"$1.0 billion senior secured term loan B and $300.0 million revolving credit facility"},{"label":"Effective","value":"2024-05-01"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}