Conyers provided Bermuda law advice to Viking Cruises Ltd in connection with its offering of US$720 million aggregate principal amount of 9.125% unsecured senior notes due 2031. The notes offering closed on 30 June 2023.
Viking intends to use the net proceeds from the notes, together with cash on hand, to fund the planned redemption of Viking’s 13.000% senior secured notes due 2025, and the planned satisfaction and discharge of that indenture and related fees and expenses. Viking provides destination-focused journeys on rivers, oceans and lakes around the world.
Director Jason Piney, Senior Associate Andrew Barnes and Associate Kathleen McBeath of Conyers’ Bermuda office advised on the matter, working alongside Skadden, Arps, Slate, Meagher & Flom LLP.