Torstein Hagen's Viking Cruises is aiming to raise $950m in two bond offerings.
It is selling $675m of secured notes at interest of 5% over 10 years, as well as an additional "tack-on" tranche worth $275m at 5.875% over nine years.
The expanding cruiseship company said it would use the cash to pre-pay all outstanding amounts under the loan agreements used to finance two Fincantieri-built vessels, the 47,800-gt Viking Star (built 2015) and Viking Sky (built 2017).
