Oct 2025
Conyers provided Bermuda law advice to Viking Cruises Ltd in connection with its private offering of US$1.7 billion aggregate principal amount of 5.875% senior notes due 2033 (the “Notes”).
The Notes offering closed on 7 October 2025. Viking intends to use the net proceeds from the Notes, together with cash on hand, to fund the redemption of all of its outstanding 5.875% Senior Notes due 2027 and the planned refinance of the finance leases that currently finance three ocean ships, the Viking Orion, the Viking Mars and the Viking Jupiter, and one expedition ship, the Viking Octantis.
Director Jason Piney, Senior Associates Andrew Barnes and Kathleen McBeath and Associate Kyra Dunstan of Conyers’ Bermuda office advised on the matter, working alongside Milbank LLP.