May 2020
Conyers provided Bermuda law advice to Viking Cruises Ltd in connection with its private offering of US$675 million aggregate principal amount of 13.000% Senior Secured Notes due 2025 (the “Notes”). The offering of the Notes closed on 15 May 2020.
Viking intends to use the net proceeds from the Notes, after funding the repayment of US$74 million of existing debt and accrued interest on certain river vessels, for general corporate purposes.
Director Jason Piney and Associate Andrew Barnes of Conyers’ Bermuda office advised on the matter, working alongside Skadden Arps, Slate, Meagher & Flom LLP and Latham & Watkins LLP.