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Viking Holdings Ltd Announces Launch of Senior Unsecured Notes Offering by Viking Cruises Ltd
Viking Holdings Ltd (“Viking”) (NYSE: VIK) today announced that, subject to market ...
About this update from Avila Energy Corporation
[{"type":"text","content":"Viking Holdings Ltd Announces Launch of Senior Unsecured Notes Offering by Viking Cruises Ltd\n\n\n\n\n\n\n Viking Holdings Ltd (“Viking”) (NYSE: VIK) today announced that, subject to market and other conditions, its wholly owned subsidiary, Viking Cruises Ltd (“VCL”), launched a private offering (the “Notes Offering”) of senior unsecured notes in an aggregate principal amount of $1.7 billion, expected to mature in 2033 (the “Notes”). The Notes will be guaranteed by Viking and certain of VCL’s subsidiaries.\n \n\n VCL intends to use the net proceeds from the Notes, together with cash on hand, to redeem all of its outstanding 5.875% Senior Notes due 2027 (the “2027 Unsecured Notes”) and refinance the finance leases that currently finance three ocean ships, the\n \n Viking Orion\n \n , the\n \n Viking Mars\n \n and the\n \n Viking Jupiter\n \n , and one expedition ship, the\n \n Viking Octantis\n \n .\n \n\n This press release does not constitute a notice of redemption under the optional redemption provisions of the indenture governing the 2027 Unsecured Notes. Any redemption would be conditioned on the closing of the Notes Offering and made solely pursuant to the notice of redemption delivered pursuant to the indenture governing the 2027 Unsecured Notes and the information in this press release is qualified in its entirety by such notice.\n \n\n 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.\n \n\n This press release is for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy any of the Notes, nor does it constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful.\n \n\n\n Cautionary Note...