On September 27, 2025, Viking Holdings Ltd announced that its wholly-owned subsidiary, Viking Cruises Ltd (VCL), launched a private offering of $1.7 billion aggregate principal amount of senior unsecured notes due 2033. These notes are guaranteed by Viking and certain of VCL’s subsidiaries.
The offering was priced on September 29, 2025, with the notes carrying a 5.875% interest rate and an expected closing date of October 7, 2025. VCL intends to use the net proceeds from this offering, along with cash on hand, to redeem all of its outstanding 5.875% Senior Notes due 2027.
Additionally, the proceeds will be used to refinance the finance leases currently financing three ocean ships—the Viking Orion, Viking Mars, and Viking Jupiter—and one expedition ship, the Viking Octantis. This refinancing initiative aims to optimize Viking's debt structure and manage its financial liabilities.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.