Viking Cruises driving by with $100 million more 7% notes due 2029; initial talk 99-99.5

By Paul A. Harris

Portland, Ore., Oct. 25 – Viking Cruises Ltd. plans to price a $100 million add-on to its 7% senior notes due Feb. 15, 2029 (existing ratings Caa2/CCC) in a Monday drive-by trailing an investor conference call, according to market sources.

Initial talk has the tap coming at an issue price range of 99 to 99.5.

Wells Fargo Securities LLC is the left bookrunner for the Rule 144A and Regulation S for life offering. BofA Securities Inc., Credit Suisse Securities (USA) LLC and J.P. Morgan Securities LLC are the joint bookrunners.

The notes are non-callable before Feb. 15, 2024.

The Los Angeles-based cruise line plans to use the proceeds for general corporate purposes.

The original $350 million issue priced in January 2021.

The Rule 144A add-on notes are to immediately become fungible with the original notes. The Regulation S add-on notes are to become fungible with the original notes following a 40-day cooling period.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.