Oceania Cruises set to launch $375 million credit facility on Thursday

By Sara Rosenberg

New York, June 12 - Oceania Cruises is set to hold a bank meeting on Thursday to launch a $375 million credit facility, according to a market source.

Deutsche Bank Securities Inc. is the lead bank on the deal.

The facility consists of a $75 million revolver and a $300 million seven-year term loan B, the source said.

Proceeds will be used to refinance existing bank debt.

Oceania Cruises is a Miami-based upper premium cruise line.

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