Regent Seven Seas to price $200 million eight-year notes on Friday

By Paul A. Harris

Portland, Ore., May 9 - Regent Seven Seas Cruises will begin a roadshow on Tuesday for a $200 million offering of eight-year second-lien senior secured notes (B3/B-), according to an informed source.

The deal is expected to price on Friday.

Deutsche Bank Securities Inc. is the left bookrunner. Barclays Capital Inc. and HSBC are the joint bookrunners.

Morgan Joseph, Credit Agricole CIB, DnB NOR and Nordea are the co-managers.

The Rule 144A with registration rights notes come with four years of call protection.

The Fort Lauderdale, Fla.-based cruise ship company plans to use the proceeds to repay debt and for general corporate purposes.

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