E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 6/1/2015 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

Viking solicits consents for $525 million 8½% senior notes due 2022

By Susanna Moon

Chicago, June 1 – Viking Cruises Ltd. said it began a consent solicitation for its outstanding $525 million 8½% senior notes due 2022.

The company is seeking consents to amend the notes indenture to more closely align and conform the covenants with those of recently issued 6¼% senior notes due 2025, according to a company notice.

The proposed amendments require the consent from holders of at least a majority of the outstanding notes voting as a single class.

The consent payment will be $2.50 per $1,000 principal amount.

The consent solicitation will end at 5 p.m. ET on June 10. Holders must be of record as of 5 p.m. ET on May 29.

Wells Fargo Securities, LLC (866 309-6316 or 704 410-4760) is the solicitation agent. D.F. King & Co., Inc. (866 620-2536, 212 269-5550 or vcl@dfking.com) is the information and tabulation agent.

Viking is a Woodland Hills, Calif.-based river cruising company.


© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.