Viking Announces Tender Offer for Senior Notes Due 2022

Viking Sky in Tromso

Viking Cruises today announced that it is commencing a cash tender offer for any and all of the outstanding $525 million aggregate principal amount of its 8.50% Senior Notes due 2022.

The tender offer will expire at 5:00 p.m., New York City time, on September 19, 2017, unless the tender offer is extended or earlier terminated, the company said.

Under the terms and subject to the conditions of the tender offer, holders of Notes who validly tender (and do not validly withdraw) their Notes at or prior to the Expiration Date (or who validly deliver a properly completed and duly executed Notice of Guaranteed Delivery in accordance with the instructions described in the Offer to Purchase at or prior to the Expiration Date and subsequently deliver their tendered Notes by the close of business on September 21, 2017, the second business day after the scheduled Expiration Date), and, in each case, whose tendered Notes are accepted for purchase by Viking in the tender offer, will receive cash consideration of $1,047.70 per $1,000 principal amount of tendered Notes plus any accrued and unpaid interest from and including the most recent interest payment date, up to, but excluding, the settlement date for the tender offer. Tendered Notes may be validly withdrawn at any time at or prior to the Expiration Date or as otherwise set forth in the Offer to Purchase for the tender offer.


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