Viking Cruise Group’s $350 Million Unsecured Notes Offering

Viking Cruise Group's $350 Million Unsecured Notes Offering

Bratschi and Conyers advised the Viking Cruise Group with regard to the issue.

Viking Cruises Ltd announced that it has priced its private offeringof $350 million aggregate principal amount of 7.000% Senior Unsecured Notes due 2029 and the private offering of $350 million aggregate principal amount of 5.625% Senior Secured Notes due 2029 by Viking Ocean Cruises Ship VII Ltd.

Viking intends to use the net proceeds from the Unsecured Notes for general corporate purposes. Viking intends to use the net proceeds from the Secured Notes to pay the remaining contract price of the Viking Venus and for general corporate purposes.

Viking offers destination-focused travel experiences for guests aged 55 and older. For the 2019 season, over 500,000 guests traveled with us to over 375 cities and towns in over 100 countries. We launched our Viking River Cruises product in 1997, our Viking Ocean Cruises product in 2015 and our Viking China product in 2016. In 2019, we began offering cruises for our Viking Expeditions product for the 2022 season, and in 2020, we began offering cruises for our Viking Mississippi product for the 2022 season. As of September 30, 2020, the Viking fleet included 76 river vessels and six ocean ships.

The Bratschi team was led by Thomas Peter (Picture), Barbara Jecklin and Michael A. Barrot.

The Conyers team included Director Jason Piney and Associates Andrew Barnes, Hailey Edwards and Aleisha Hollis. 

Involved fees earner: Michael Barrot – Bratschi Ltd.; Barbara Jecklin – Bratschi Ltd.; Thomas Peter – Bratschi Ltd.; Andrew Barnes – Conyers Dill & Pearman; Hailey Edwards – Conyers Dill & Pearman; Aleisha Hollis – Conyers Dill & Pearman; Jason Piney – Conyers Dill & Pearman;

Law Firms: Bratschi Ltd.; Conyers Dill & Pearman;

Clients: Viking Cruises Group;

Author: Martina Bellini