Bratschi: The Viking Cruise Group issues USD150 m of Unsecured Notes

The Viking Cruise Group issued USD 150 million 7.000% Senior Unsecured Notes as an add-on to the USD 350 million offering of February 2021. Viking, is a provider of destination-focused travel experiences, is a prominent operator of river cruises in Europe, Russia and China, for North American passengers, and offers ocean, lake and river cruises worldwide.

Viking intends to use the net proceeds from the Unsecured Notes for general corporate purposes. Viking intends to use the net proceeds from the Secured Notes to pay the remaining contract price of the Viking Venus and for general corporate purposes.

Bratschi acted as Swiss legal advisor to Viking in this transaction. The team included Thomas Peter (lead, pictured), Barbara Jecklin (corporate and finance) as well as Michael A. Barrot (tax).

Further, Skadden, Arps, Slate, Meagher & Flom acted as lead counsel to the issuer.