NEW YORK - Cedar Fair LP, which operates Cedar Point and 11 other amusement parks, seeks to extend some debt and waive a change-of-control requirement that would facilitate the theme-park operator's buyout by Apollo Management LP, according to people familiar with the request.
Cedar Fair seeks to alter the change-of-control waiver so existing debt may remain in place after Apollo buys the company, the people said.
Apollo Management said in mid-December that it would acquire Cedar Fair with $1.95 billion of debt.
Cedar Fair also seeks a $250 million revolving line of credit and $700 million of unsecured notes, the people said.
Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. Comments that violate these standards, or our privacy statement or visitor's agreement, are subject to being removed and commenters are subject to being banned. To post comments, you must be a registered user on toledoblade.com. To find out more, please visit the FAQ.