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Seven Seas talks $200 million eight-year notes with 9¼% area yield
By Paul A. Harris
Portland, Ore., May 12 - Regent Seven Seas Cruises talked its $200 million offering of eight-year second-lien senior secured notes (B3/B-) with a yield in the 9¼% area on Thursday, according to an informed source.
The deal is set to price on Friday.
Deutsche Bank Securities Inc. is the left bookrunner. Barclays Capital Inc. and HSBC are the joint bookrunners.
Morgan Joseph, Credit Agricole CIB, DnB NOR and Nordea are the co-managers.
The Rule 144A with registration rights notes come with four years of call protection.
The Fort Lauderdale, Fla.-based cruise ship company plans to use the proceeds to repay debt and for general corporate purposes.
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