20 May 2020 I Deals and Cases

Bär & Karrer Advises Initial Purchasers in USD 675 Million Notes Offering by Viking

Bär & Karrer advised the initial purchasers in a USD 675 million offering of 13% Senior Secured Notes issued by the Viking Cruise Group. Viking, one of the world’s leading providers of destination-focused travel experiences, is the largest operator of river cruises in Europe, Russia and China, for North American passengers, and offers ocean, lake and river cruises worldwide. The notes are indirectly secured through collateral over 20 Swiss-registered river vessels.

Bär & Karrer acted as Swiss legal advisor to the initial purchasers in this transaction. The team included Thomas U. Reutter, Lukas Roesler, Alexander von Jeinsen and Audrey Benzow (all Capital Markets and Financing) as well as Susanne Schreiber and Elena Kumashova (both Tax).