Regent Seven Seas to launch term loan repricing on Tuesday morning

By Sara Rosenberg

New York, Jan. 18 - Regent Seven Seas Cruises will hold a call at 10 a.m. ET on Tuesday to launch a repricing of its roughly $300 million term loan B, according to a market source.

Deutsche Bank Securities Inc. is leading the deal.

Current pricing on the loan is Libor plus 500 basis points with a 1.25% Libor floor.

With the repricing, lenders will get paid out at 101 as a result of existing call protection.

Regent Seven Seas is a Miami-based cruise ship company.

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