The Firm represented Cedar Fair, L.P. (“Cedar Fair”) in connection with a Rule 144A/Regulation S offering of $450,000,000 aggregate principal amount of 5.375% senior unsecured notes due 2024 (the “2024 Senior Notes”) issued by Cedar Fair, Magnum Management Corporation and Canada’s Wonderland Company, as co-issuers (“Co-Issuers”). The 2024 Senior Notes are fully and unconditionally guaranteed by all existing and future subsidiaries that guarantee the Co-Issuers’ senior secured credit facility. Cedar Fair used the net proceeds from the offering of the 2024 Senior Notes to redeem all of the outstanding 9.125% senior unsecured notes due 2018 (the “2018 Senior Notes”) issued by the Co-Issuers, exercise the Co-Issuers’ right to satisfy and discharge the indenture governing the 2018 Senior Notes and for general corporate purposes.
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, three outdoor water parks, one indoor water park and five hotels.
The Simpson Thacher team for the transaction included Risë Norman, Matthew Levy and Jim Russell (Capital Markets); Alden Millard, Brian Gluck and Seth Niedermayer (Banking and Credit); Timothy Mulvihill (Environmental); Jennifer Pepin (Executive Compensation and Employee Benefits); Steven DeLott (Insurance); Jodie Pimentel (Intellectual Property); Scott Dyer (Labor); Krista McManus (Real Estate); Abram Ellis (OFAC); Mark Chorazak and Randy Benjenk (Bank Regulatory); and Robert Holo and Sophie Staples (Tax).
