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Conyers advises on a US$700 million two-part unsecured, secured notes offering by Viking Cruises Ltd and Viking Ocean Cruises Ship VII Ltd

Conyers provided Bermuda law advice to Viking Cruises Ltd in connection with its offering of US$350 million aggregate principal amount of 7.000% Senior Notes due 2029 (the “Unsecured Notes”) and to Viking Ocean Cruises Ship VII Ltd in connection with its offering of US$350 million aggregate principal amount of 5.625% Senior Secured Notes due 2029 (the “Secured Notes”). The two-part unsecured, secured notes offering closed on 2 February 2021.

Viking intends to use the net proceeds from the Secured Notes to pay the remaining contract price of approximately €285 million for the vessel Viking Venus and the net proceeds from the Unsecured Notes for general corporate purposes.

Director Jason Piney and Associates Andrew Barnes, Hailey Edwards and Aleisha Hollis of Conyers’ Bermuda office advised on the matter, working alongside Skadden, Arps, Slate, Meagher & Flom LLP.

 


Jason Piney
Director

Bermuda   +1 441 299 4993


Andrew Barnes
Associate

Bermuda   +1 441 278 8054


Hailey Edwards
Associate

Bermuda   +1 441 279 5394


Aleisha Hollis
Associate

Bermuda   +1 441 279 5345


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