Six Flags Entertainment Corporation Stock Price, News & Analysis

Cedar Fair Entertainment Company (NYSE: FUN) announced that President and CEO Richard A. Zimmerman will appear on the ITPS I’M4FUN Podcast on Dec. 16, 2020, from 10-11 a.m. ET. Hosted by Dennis Speigel, the podcast will explore insights and stories from the amusement park industry. Cedar Fair operates 13 properties, including 11 amusement parks and four water parks across multiple states and Canada, aiming to provide memorable experiences. For those unable to attend live, a replay will be available on the ITPS website.

Cedar Fair (NYSE: FUN) has appointed Louis Carr to its Board of Directors, effective immediately. He will fill the remaining term of John Scott, who stepped down on September 24, 2020. Carr, with over three decades of leadership experience in the media and entertainment sectors, is recognized for his contributions to diversity initiatives. He currently serves as president of Media Sales for BET Networks. Cedar Fair operates 13 amusement and water parks across North America, focusing on providing immersive entertainment experiences.

Cedar Fair Entertainment Company (NYSE: FUN) reported third-quarter results for the period ending Sept. 27, 2020, reflecting significant challenges due to the COVID-19 pandemic. Net revenues declined to $87 million, down from $715 million in 2019, amidst an 11.9 million drop in attendance. Operating losses reached $137 million compared to a profit of $275 million a year prior. Despite ongoing difficulties, the company noted improvements in demand with attendance rising to 35%-40% of 2019 levels. The company raised $300 million in senior notes for liquidity and reported $877 million in total liquidity.

Cedar Fair Entertainment Company (NYSE: FUN) will release its 2020 third quarter financial results on November 4, 2020, prior to market opening. A conference call is scheduled for the same day at 10 a.m. EST, featuring Cedar Fair executives who will discuss the third quarter results and the company's future outlook. Cedar Fair, a major amusement park and resort operator, aims to enhance guest experiences across its 13 properties, including 11 amusement parks and four water parks. Investors can access the call via the company's investor site.

Cedar Fair, L.P. (NYSE: FUN) announced the completion of its $300 million private offering of 6.500% Senior Notes due 2028. The issuance, backed by its wholly owned subsidiaries, aims to finance general corporate and working capital needs. The Notes were offered under Rule 144A and Regulation S of the Securities Act, with no registration. Cedar Fair operates 13 amusement and water park properties across several states and Canada, focusing on providing memorable experiences.

Cedar Fair, L.P. (NYSE: FUN) announced the pricing of $300 million in 6.500% senior notes due 2028, aimed at enhancing its financial flexibility. The notes, priced at 100% of the principal amount, are guaranteed by several subsidiaries and will support general corporate and working capital needs. The company has amended its credit facilities due to challenges posed by the COVID-19 pandemic. This offering will be available only to qualified institutional buyers and certain non-U.S. persons, without U.S. registration.

Cedar Fair, L.P. (NYSE: FUN) announced a private offering of $300 million in senior unsecured notes due 2028. The offering aims to support general corporate needs and working capital. The proceeds will cover transaction fees and expenses. Amendments to existing credit facilities have been made to accommodate this issuance, particularly in response to disruptions caused by COVID-19. The offering targets qualified institutional buyers under Rule 144A and is not registered under the Securities Act. Completion is contingent on market conditions.

Cedar Fair Entertainment Company (NYSE: FUN) reported preliminary third quarter results ending September 27, 2020, amid ongoing challenges from the COVID-19 pandemic. The company recorded an attendance drop of 11.9 million guests, totaling 1.3 million for the quarter. Net revenues are estimated between $85 million and $90 million, down from $715 million in Q3 2019. Enhanced health protocols are in place at reopened parks, and season pass sales have increased by 5%. Liquidity stands at approximately $574 million, allowing operations through 2021 despite disruptions.

Cedar Fair Entertainment Company (NYSE:FUN) has announced an amendment to its Credit Facilities, extending the covenant waiver period to Q4 2021 and the modification period to the end of 2022. This move is aimed at providing financial flexibility amid ongoing uncertainties due to the COVID-19 pandemic. President and CEO Richard Zimmerman emphasized the importance of this extension in managing potential disruptions. The company focuses on reopening its parks for the 2021 season and aims to drive growth and reduce net leverage ratios.