Viking Cruises solicits consents for $250 million 8½% notes due 2022

By Susanna Moon

Chicago, July 7 – Viking Cruises Ltd. said it began a consent solicitation for its $250 million of outstanding 8½% senior notes due 2022.

The company is seeking to amend the notes to provide the company with financial and operating flexibility, according to a press release.

The proposed amendments require the consents from holders of at least a majority of the outstanding notes voting as a single class, the release noted.

The consent solicitation will end at 5 p.m. ET on July 15. Holders must be of record as of 5 p.m. ET on July 3.

The consent payment will be $10.00 per $1,000 principal amount.

Wells Fargo Securities, LLC (attn: liability management group, 866 309-6316 or collect 704 410-4760) is the solicitation agent. D.F. King & Co., Inc. (800 758-5378 or collect 212 269-5550) is the information and tabulation agent.

The issuer is a Woodland Hills, Calif.-based river and ocean cruising company.

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