Viking Cruises extends consent bid for 8½% notes; lifts consent fee

By Susanna Moon

Chicago, July 11 – Viking Cruises Ltd. said it increased the cash consent fee in the solicitation for its $250 million of outstanding 8½% senior notes due 2022.

In addition, holders may now give consents in the solicitation until noon ET on July 16, extended from 5 p.m. ET on July 15. Holders must be of record as of 5 p.m. ET on July 3.

The consent payment was increased to $30.00 per $1,000 principal amount, according to a company press release, from $10.00 per $1,000 principal amount at the start of the offer on July 7.

As previously announced, the company is seeking to amend the notes to provide the company with financial and operating flexibility.

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

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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