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Cedar Fair Announces Extension of Exchange Offer


Cedar Fair, L.P. (“Cedar Fair”), Canada’s Wonderland Company, Magnum Management Corporation and Millennium Operations LLC (NYSE: FUN) announced today that they have extended the expiration date of their offer to exchange up to $500,000,000 in aggregate principal amount of its registered 5.250% Senior Notes due 2029 for their $500,000,000 in aggregate principal amount of outstanding unregistered 5.250% Senior Notes due 2029 that were issued in a private offering in June 2019.

The exchange offer was originally scheduled to expire at 5:00 p.m. (Eastern Standard Time) on Monday, July 6, 2020 but will now expire at 5:00 p.m. (Eastern Standard Time) on Wednesday, July 8, 2020. As of the close of business on July 6, 2020, $480,582,000 in aggregate principal amount of outstanding unregistered 5.250% Senior Notes due 2029 had been validly tendered to the exchange agent by the holders thereof.

The exchange agent for the exchange offer is The Bank of New York Mellon, Corporate Trust Operations—Reorganization Unit, Attn: Tiffany Castor, 111 Sanders Creek Parkway, East Syracuse, NY 13057.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale of any securities in any jurisdiction where such an offering or sale would be unlawful.

About Cedar Fair

Cedar Fair Entertainment Company (NYSE: FUN), one of the largest regional amusement-resort operators in the world, is a publicly traded partnership headquartered in Sandusky, Ohio. Focused on its mission to make people happy by providing fun, immersive and memorable experiences, the Company owns and operates 13 properties, consisting of 11 amusement parks, four separately gated outdoor water parks, and resort accommodations totaling more than 2,300 rooms and more than 600 luxury RV sites. Cedar Fair’s parks are located in Ohio, California, North Carolina, South Carolina, Virginia, Pennsylvania, Minnesota, Missouri, Michigan, Texas and Toronto, Ontario. The Company also operates an additional theme park in California under a management contract.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200706005626/en/

Cedar Fair L.p. ADR Stock

€21.14
13.170%
A very strong showing by Cedar Fair L.p. ADR today, with an increase of €2.46 (13.170%) compared to yesterday's price.
The stock is an absolute favorite of our community with 24 Buy predictions and no Sell predictions.
With a target price of 46 € there is potential for a 117.65% increase which would mean more than doubling the current price of 21.14 € for Cedar Fair L.p. ADR.
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