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Silversea Cruise Line starts roadshow for $275 million secured notes, to repay debt
By Paul A. Harris
Portland, Ore., Jan. 9 – Monaco-based Silversea Cruise Holding Ltd. began a roadshow on Monday for a $275 million offering of eight-year senior secured notes (expected B2 or B3/confirmed BB-), according to a market source.
J.P. Morgan Securities LLC is leading the Rule 144A and Regulation S for life offering.
The notes come with three years of call protection.
The privately owned luxury cruise line plans to use the proceeds to repay debt and pre-fund capital expenditures.
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