Viking Cruises sets investor call for $150 million PIK notes due 2018; pricing Wednesday

By Aleesia Forni

Virginia Beach, Va., Aug. 7 - Viking Cruises Ltd. (MISA Investments Ltd.) plans to host an investor call on Wednesday ahead of a proposed $150 million offering of senior PIK toggle notes due 2018, according to a syndicate source.

The deal is expected to price later during Wednesday's session.

The notes will be non-callable for one year, then callable at 102, 101 and par each year thereafter.

Proceeds from the Rule 144A and Regulation S transaction will be used to fund a distribution to equityholders.

Wells Fargo Securities LLC, Credit Suisse Securities (USA) LLC and BofA Merrill Lynch are the joint bookrunners.

The issuer is a Woodland Hills, Calif.-based river cruising company.

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