Seatrade Cruise News is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.
HomeNewsViking completes $275m notes add-on

Viking completes $275m notes add-on

Viking completes $275m notes add-on
Viking Cruises completed a $275m add-on to its 8.5% senior notes due 2022, pricing at a 6.398% yield, according to a Wells Fargo Securities note.

The proceeds will be used to fund a $115m investment in a vessel and redeem $175m in 8.625% notes due 2018.

Standard & Poor's Ratings Agency revised its recovery rating for Viking to 4 from 3, and its outlook to 'stable' from 'negative,' Wells Fargo said.

Copyright © 2023. All rights reserved. Seatrade, a trading name of Informa Markets (UK) Limited.
TAGS: cruise lines financial
Call for paper emails
Submit your call for papers entry today!

Could you inspire the cruise industry? 

Registration for Seatrade Cruise Global 2024 is opening soon, and we're looking for cruise industry thought-leaders to join our speaking panels. 

If you've got a session in mind (no corporate sales pitches please) that might enlighten, entertain and enhance the conference experience, we'd love to hear from you!

 

Call for paper emails
Related
GLOBAL_LOGO_ORANGE.png
Seatrade Cruise Global
CRUISE_Luis_Fonsi_Viva_smash.jpg
Latin star Luis Fonsi names Norwegian Viva in 'live it up' Miami festivities
Nov 29, 2023
Cunard-capsule-collection.jpg
Cunard partners with Bay Garnett, Circle of Style to launch capsule wardrobe
Nov 28, 2023
CRUISE-carnival-UK.jpg
Maritime union and Carnival UK negotiating settlement on proposed contractual changes for 919 crew
Nov 24, 2023