Cahill Represents Initial Purchaser and Lead Arranger in Billion-Dollar Secured Notes Offering and Credit Facility for Cedar Fair L.P.
Date: 04/27/20
Cahill represented the initial purchaser in connection with a Rule 144A offering of $1,000,000,000 aggregate principal amount of 5.500% senior secured notes due 2025 by Cedar Fair, L.P. as well as Canada's Wonderland Company, Magnum Management Corporation, and Millennium Operations LLC which are all subsidiaries of the Company. Proceeds from the offering were used to repay a portion of the Company’s outstanding term loans and for other general corporate purposes. Cahill also represented the lead arranger in connection with an amendment and a $100,000,000 incremental increase in commitments under the Company’s revolving credit facility. Proceeds from the amended revolving credit facility will be used for general corporate purposes.