Norwegian Announces Pricing Of Its $250M Public Offering


27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.


Norwegian Cruise Holdings Ltd (NSYE: NCLH) late Thursday announced the pricing of its $250 million public offering.

The company priced about 16.6 million shares at $15 each. Underwriters for the offering can exercise a greenshoe option to purchase up to 2.5 million additional shares.

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The cruise company said it expected to use the proceeds of the offering for "general corporate purposes."JP Morgan Chase & Co. (NYSE:JPM), Barclays Plc (NYSE:BCS), Citigroup (NYSE:C), and subsidiaries of

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Goldman Sachs Group Inc (NYSE:GS), Mizuho Financial Group Inc's (NYSE:MFG), and UBS Group AG (NYSE:UBS) are acting as joint book running managers for the offering.

Norwegian also announced a debt offering to the tune of $750 million in six-year senior secured notes and $400 million of exchangeable five-year senior notes.

The proceeds raised from the debt would be used to repay its $675 million senior secured revolving facility, and to pay any related transaction fees and expenses, the Miami-based company said. The remainder, if any, is to be used for general corporate purposes.

The mixed offering of stock and debt comes at a time when Miami-based Norwegian has been hit hard by the COVID-19 pandemic, with most cruises suspended till October.

Price Action

Norwegian shares traded 1.4% higher at $15.83 in the pre-market session Friday.

27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.


Posted In: NewsOfferingsCoronavirusCruisePandemic