Associated tags: Cedar Fair, Entertainment, Theme Parks, Amusement park, Destinations, Travel, General Entertainment, Vacation, NYSE, Family, Lodging, Tourist Attractions, Food, Retail, Consumer, Children
Locations: UNITED STATES, NORTH AMERICA, OHIO, USA
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Video game Operating days in the first quarter of 2024 totaled 117 compared with 161 operating days in the first quarter of 2023.
Key Points:
- Operating days in the first quarter of 2024 totaled 117 compared with 161 operating days in the first quarter of 2023.
- Operating costs and expenses in the first quarter of 2024 increased $25 million compared with the first quarter last year.
- Depreciation and amortization expense in the first quarter of 2024 totaled $10 million compared with $14 million in the first quarter of 2023.
- Results for First Quarter 2024 vs. Three Months Ended April 2, 2023
As previously noted, the results for the first quarter of 2024 included an additional calendar week as compared with the first quarter of 2023.
Retrieved on:
Wednesday, April 17, 2024
(ALLENTOWN, PA) April 17, 2024 – Dorney Park & Wildwater Kingdom is diving into a new era of thrills with the official opening of the Northeast’s first dive roller coaster Iron Menace.
Key Points:
- (ALLENTOWN, PA) April 17, 2024 – Dorney Park & Wildwater Kingdom is diving into a new era of thrills with the official opening of the Northeast’s first dive roller coaster Iron Menace.
- Iron Menace is then set to delight the public on Friday, April 19th during the park’s first Ride for a Cause event benefiting the Eagles Autism Foundation.
- Dorney Park & Wildwater Kingdom’s Opening Day is scheduled for May 10, 2024.
- Details of the event are listed below along with satellite information for the formal presentation set to take place at 10:30am.
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Bank Cedar Fair, L.P. (NYSE: FUN) (the “Company”), a leader in regional amusement parks, water parks, and immersive entertainment, today announced it has entered into new credit facilities (the “New Credit Facilities”), comprising of a 7-year $1.0 billion senior secured term loan B maturing in 2031 and a new $300 million revolving credit facility maturing in 2028.
Key Points:
- Cedar Fair, L.P. (NYSE: FUN) (the “Company”), a leader in regional amusement parks, water parks, and immersive entertainment, today announced it has entered into new credit facilities (the “New Credit Facilities”), comprising of a 7-year $1.0 billion senior secured term loan B maturing in 2031 and a new $300 million revolving credit facility maturing in 2028.
- The new revolving credit facility will replace Cedar Fair’s existing revolving credit facility.
- “We are very pleased with the solid execution of the transaction and strong market demand for our term loan,” said Cedar Fair CFO Brian Witherow.
- The interest rate for borrowings under the revolving credit facility will be Term SOFR or Term CORRA plus a margin of 2.00% per annum.
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Bank Cedar Fair, L.P. (NYSE: FUN) (the “Company”), a leader in regional amusement parks, water parks, and immersive entertainment, together with its wholly owned subsidiaries as co-issuers (together with the Company, the “Co-Issuers”), today announced that it has delivered a notice of conditional full redemption (the “Notice”) to holders of its 5.500% Senior Secured Notes due 2025 (the “2025 Secured Notes”).
Key Points:
- Cedar Fair, L.P. (NYSE: FUN) (the “Company”), a leader in regional amusement parks, water parks, and immersive entertainment, together with its wholly owned subsidiaries as co-issuers (together with the Company, the “Co-Issuers”), today announced that it has delivered a notice of conditional full redemption (the “Notice”) to holders of its 5.500% Senior Secured Notes due 2025 (the “2025 Secured Notes”).
- The Notice calls for the redemption of all of the outstanding $1.0 billion aggregate principal amount of the 2025 Secured Notes (the "Redemption") on May 2, 2024.
- This press release does not constitute a notice of redemption of the 2025 Secured Notes.
- Information concerning the terms and conditions of the Redemption is described in the Notice distributed to holders of the 2025 Secured Notes by the trustee under the indenture governing the 2025 Secured Notes.
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Amusement park Dorney Park is hosting an Iron Menace Ride for a Cause event benefiting the Eagles Autism Foundation on Friday, April 19, from 5pm – 9pm at Dorney Park.
Key Points:
- Dorney Park is hosting an Iron Menace Ride for a Cause event benefiting the Eagles Autism Foundation on Friday, April 19, from 5pm – 9pm at Dorney Park.
- Dorney Park has chosen the Eagles Autism Foundation to be the charitable beneficiary for this event.
- “Dorney Park is proud to share the spotlight created by excitement and enthusiasm for our new roller coaster Iron Menace with the Eagles Autism Foundation,” said Dorney Park Vice President and General Manager Jessica Naderman.
- Dorney Park and the Eagles Autism Foundation are partnering with illustrator and Allentown artist Ryan Lynn.
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Corporation Cedar Fair Entertainment Company (NYSE: FUN), a leader in regional amusement parks, water parks and immersive entertainment, said today it will issue its 2024 first-quarter financial results in the pre-market hours of Thursday, May 9, 2024.
Key Points:
- Cedar Fair Entertainment Company (NYSE: FUN), a leader in regional amusement parks, water parks and immersive entertainment, said today it will issue its 2024 first-quarter financial results in the pre-market hours of Thursday, May 9, 2024.
- Later that morning, Cedar Fair management will host a conference call with the investment community, starting at 10 a.m. EDT, to provide additional details regarding 2024 first-quarter results and discuss the Company’s business outlook.
- Participants on the call will include Cedar Fair CEO Richard Zimmerman, CFO Brian Witherow, and Corporate Director of Investor Relations Michael Russell.
- Investors and all other interested parties can access a live, listen-only audio webcast of the call on Cedar Fair’s investor site https://ir.cedarfair.com under the tabs Investor Information / Events & Presentations / Upcoming Events.
This morning the park released the first official on ride point of view video.
Key Points:
- This morning the park released the first official on ride point of view video.
- “2024 will be a historic year for Dorney Park with Iron Menace and some of the story-telling that comes along with it,” said Dorney Park’s Public Relations and Communications Manager Ryan Eldredge.
- Last week the ride completed its first test run in front of dozens of Dorney Park & Wildwater Kingdom employees.
- For more information about Iron Menace or to get a season pass, guests are encouraged to visit dorneypark.com .
ALLENTOWN, Pa., March 25, 2024 /PRNewswire/ -- The Northeast's highly anticipated, first-ever dive roller coaster Iron Menace is on the move and cameras are already capturing some of the dynamic testing underway at the Allentown, Pennsylvania amusement park.
Key Points:
- This morning the park released the first official on ride point of view video.
- "2024 will be a historic year for Dorney Park with Iron Menace and some of the story-telling that comes along with it," said Dorney Park's Public Relations and Communications Manager Ryan Eldredge.
- BACKGROUND: The Iron Menace, the Northeast's first-ever dive roller coaster, opening in 2024, will be the first new coaster built at Dorney in 19 years.
- With speeds up to 64 miles per hour, Iron Menace will boast the first-ever tilted loop on a dive coaster.
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Cedar Fair Cedar Fair, L.P. (NYSE: FUN), a leader in regional amusement parks, water parks and immersive entertainment, announced today that its 2023 tax packages, including Schedule K-1, are now available online and may be accessed through Cedar Fair’s website at https://ir.cedarfair.com under the Unitholder Resources tab and the K-1 Tax Package Support webpage www.taxpackagesupport.com/cedarfair .
Key Points:
- Cedar Fair, L.P. (NYSE: FUN), a leader in regional amusement parks, water parks and immersive entertainment, announced today that its 2023 tax packages, including Schedule K-1, are now available online and may be accessed through Cedar Fair’s website at https://ir.cedarfair.com under the Unitholder Resources tab and the K-1 Tax Package Support webpage www.taxpackagesupport.com/cedarfair .
- The Company expects to complete the postal mailing of its 2023 Cedar Fair tax packages by Friday March 8, 2024.
- For additional information, unitholders may call the K-1 Tax Package Support Team on weekdays between 9 a.m. and 6 p.m.
- ET, by dialing toll free 866-569-8675.
Retrieved on:
Thursday, February 15, 2024
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Partnership Cedar Fair Entertainment Company (NYSE: FUN), a leader in regional amusement parks, water parks and immersive entertainment, today announced its 2023 fourth-quarter and full-year results, ended Dec. 31, 2023.
Key Points:
- Cedar Fair Entertainment Company (NYSE: FUN), a leader in regional amusement parks, water parks and immersive entertainment, today announced its 2023 fourth-quarter and full-year results, ended Dec. 31, 2023.
- “With the return to more normal operating conditions in the back half of 2023, the strength and resiliency of Cedar Fair’s business model was on full display,” said Cedar Fair CEO Richard Zimmerman.
- Finally, during 2023, Cedar Fair recognized a $6 million net benefit to earnings for foreign currency gains and losses compared with a $24 million net charge to earnings for 2022.
- Adjusted EBITDA, which management believes is a meaningful measure of the Company’s park-level operating results, totaled $528 million in 2023, compared to Adjusted EBITDA of $552 million for 2022.
