secwatch.observer — SEC 8-K summary
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Issuer:     CEDAR FAIR L P (—)
CIK:        0000811532
Form:       8-K
Filed at:   2024-05-02T23:59:59+00:00
Accession:  0001193125-24-129363
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cedar Fair closes $1.0B term loan B and $300M revolver; redeems 5.5% 2025 notes
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/811532/000119312524129363/0001193125-24-129363-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/811532/000119312524129363/d807694d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-129363

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