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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.
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