SANDUSKY, Ohio, Aug. 14 /PRNewswire-FirstCall/ -- Cedar Fair Entertainment Company , a leader in regional amusement parks, water parks and active entertainment, today reported that the amendment and extension to its credit agreement it announced last week has closed.
On August 6, 2009, the Company issued a news release announcing it had obtained consent from its lenders to amend its credit agreement. The Company also announced that lenders holding $900 million of its term debt will extend the maturity date of their commitments by two years. The extended term debt will mature in 2014 and bears a rate of LIBOR plus 4.0%.
A Form 8-K, which includes a copy of the amended credit agreement, has been filed with the SEC and is available on the Company's website http://www.cedarfair.com/.
Cedar Fair is a publicly traded partnership headquartered in Sandusky, Ohio, and one of the largest regional amusement-resort operators in the world. The Company owns and operates 11 amusement parks, six outdoor water parks, one indoor water park and five hotels. Amusement parks in the Company's northern region include two in Ohio: Cedar Point, consistently voted "Best Amusement Park in the World" in Amusement Today polls and Kings Island; as well as Canada's Wonderland, near Toronto; Dorney Park, PA; Valleyfair, MN; and Michigan's Adventure, MI. In the southern region are Kings Dominion, VA; Carowinds, NC; and Worlds of Fun, MO. Western parks in California include: Knott's Berry Farm; California's Great America; and Gilroy Gardens, which is managed under contract.
This news release and prior news releases are available online at http://www.cedarfair.com/.
Cedar Fair Entertainment Company
CONTACT: Stacy Frole of Cedar Fair Entertainment Company,
+1-419-627-2227
Web Site: http://www.cedarfair.com/
