Cedar Fair announces offering of $500 million senior unsecured notes

Company intends to commence a private offering of $500 million aggregate principal amount of senior unsecured notes due 2021.

Thursday, 28 February 2013

Cedar Fair Press Release

SANDUSKY, Ohio, Feb. 28, 2013 -- Cedar Fair, L.P. (NYSE: FUN) (the "Company" or "Cedar Fair") today announced that it, together with its wholly owned subsidiaries Magnum Management Corporation ("Magnum") and Canada's Wonderland Company (together with Magnum, the "Co-Issuers"), intends to commence a private offering of $500 million aggregate principal amount of senior unsecured notes due 2021 (the "Notes"). Obligations under the Notes will be guaranteed by the Company's wholly-owned subsidiaries (other than the Co-Issuers). The Company intends to use the net proceeds of the offering, together with borrowings under its new senior secured credit facilities and cash on hand, to repay in full all amounts outstanding under its existing bank credit facilities. Completion of the offering is subject to, among other things, pricing and market conditions.

The Notes will be offered only to qualified institutional buyers under Rule 144A of the Securities Act of 1933, as amended (the "Securities Act"), and to certain non-U.S. persons in transactions outside the United States under Regulation S of the Securities Act. The initial issuance and sale of the Notes will not be registered under the Securities Act, and, the Notes may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and other applicable securities laws.

This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the Notes, in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.