Scenic launches €315 million term loan B at Euribor plus 375 bps

By Sara Rosenberg

New York, Feb. 6 – Scenic (Columbus Finance BV) launched on Thursday its €315 million seven-year covenant-lite term loan B with price talk of Euribor plus 375 basis points with a 0% floor and an original issue discount of 99.5 to 99.75, according to a market source.

The term loan has 101 soft call protection for one year.

Credit Suisse is the physical bookrunner on the deal. HSBC and JPMorgan are passive bookrunners.

Commitments are due on Feb. 20.

Proceeds will be used to refinance an existing term loan B and pre-fund further vessel investments.

Scenic is a Zug, Switzerland-based luxury river cruise, land tour and ocean cruise operator.

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