Viking Cruises receives consents to amend 6¼% notes, 5 7/8% notes

New York, Feb. 2 – Viking Cruises Ltd. said it received the requested consents in its solicitations for its $250 million of 6¼% senior notes due 2025 and its $550 million of 5 7/8% senior notes due 2027.

On Thursday Viking executed a supplemental indenture but the amendments will only become effective when the consent fee is paid, according to a news release.

Viking announced the solicitation on Jan. 24.

It said the proposed amendments to the 2025 indenture would substantially conform certain covenants, definitions and other terms with those of the 2027 indenture.

The proposed amendment to the 2027 indenture would allow Viking to give cumulative effect to certain changes in accounting principles for the purposes of some calculations.

The consent fee per $1,000 principal amount will be $2.50 for the 2025 notes and $1.25 for the 2027 notes.

Each consent solicitation expired at 5 p.m. ET on Jan. 31.

For passage, consents had to be received from holders of at least a majority of notes from the relevant series. Consummation of each consent solicitation is not conditioned on consummation of the other.

Consent fees are subject to the satisfaction or waiver of all conditions to the applicable consent solicitation.

BofA Merrill Lynch (888 292-0070 or 980 387-9534) is the solicitation agent.

D.F. King & Co, Inc. (800 628-8528, 212 269-5550, or vcl@dfking.com) is the information and tabulation agent.

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

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.