Viking Cruises Raises $1.7 Billion Through Private Senior Notes Offering

Viking Cruises has priced a private offering of $1.7 billion in senior notes with a 5.875% interest rate due in 2033. The offering is expected to close on an unspecified date. The notes will be issued by Viking Cruises' wholly owned subsidiary, Viking Holdings, which is listed on the NYSE under the ticker symbol VIK.

Viking Cruises, a wholly owned subsidiary of Viking Holdings Ltd (NYSE: VIK), has priced a private offering of $1.7 billion in senior notes with a 5.875% interest rate due in 2033. The offering is expected to close on October 7, 2025, subject to customary closing conditions Viking Holdings Ltd Announces Pricing of Senior ...^[1].

The proceeds from the notes will be used by Viking Cruises to redeem all of its outstanding 5.875% Senior Notes due 2027 and refinance the finance leases that currently finance three ocean ships, the Viking Orion, the Viking Mars, and the Viking Jupiter, and one expedition ship, the Viking Octantis Viking Cruises prices $1.7 billion private offering of senior notes^[2].

The senior notes are being offered only to qualified institutional buyers and certain non-U.S. persons outside the United States under Regulation S under the Securities Act of 1933, as amended Viking Holdings Ltd Announces Pricing of Senior ...^[1]. The notes have not been registered under the Securities Act and may not be offered or sold without registration unless pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and all applicable state laws Viking Holdings Ltd Announces Pricing of Senior ...^[1].

Viking Holdings was founded in 1997 and provides destination-focused journeys on rivers, oceans, and lakes around the world. The company has received numerous awards, including being rated #1 for Rivers, #1 for Oceans, and #1 for Expeditions by Condé Nast Traveler Viking Holdings Ltd Announces Pricing of Senior ...^[3].