Viking Cruises Ltd announces pricing of private offering of $675 million of Senior Secured Notes
Viking Cruises Ltd has announced that it has priced its private offering of $675 million aggregate principal amount of 13.000% Senior Secured Notes due 2025.
The offering of the Notes is expected to close on May 15, 2020, subject to customary closing conditions.
Viking intends to use the net proceeds from the Notes, after funding the repayment of $74 million of existing debt and accrued interest on certain river vessels, for general corporate purposes.
The Notes are being offered only to persons reasonably believed to be "qualified institutional buyers" as defined in Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and to certain non-U.S. persons outside the United States under Regulation S under the Securities Act. The Notes have not been, and will not be, registered under the Securities Act and may not be offered or sold without registration unless pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and all applicable state laws.