On October 24, 2024, Viking Holdings Ltd entered into a series of supplemental indentures, providing a full and unconditional guarantee of its subsidiary Viking Cruises Ltd's (VCL) obligations under various outstanding secured and unsecured notes. This corporate guarantee extends to the benefit of noteholders and trustees, strengthening the financial backing of VCL's debt.
Simultaneously, VCL amended its Revolving Credit Agreement to include Viking Holdings Ltd's guarantee of VCL's financial obligations. This move centralizes financial responsibility and provides additional security for lenders.
Furthermore, the amendments allow Viking Holdings Ltd to furnish its own audited consolidated annual and condensed consolidated quarterly financial statements in lieu of VCL's separate financial statements. This change, compliant with SEC Rule 3-10 of Regulation S-X, streamlines reporting obligations and enhances transparency at the parent company level.
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