Cedar Point parent seeks debt extension, alteration

1/17/2010

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.