source: screamscape
I’m not sure if this is a good thing or not, but Cedar Fair has convinced their lenders to allow $900 million in term loans to mature in 2014 instead of 2012 in exchange for a higher interest rate. Though the terms also allow for them to ask for additional extensions in the future as well. I suppose this will allow them to focus on paying off the rest of their debt load ($1.67 billion) between now and then.
I’m not sure if this is a good thing or not, but Cedar Fair has convinced their lenders to allow $900 million in term loans to mature in 2014 instead of 2012 in exchange for a higher interest rate. Though the terms also allow for them to ask for additional extensions in the future as well. I suppose this will allow them to focus on paying off the rest of their debt load ($1.67 billion) between now and then.