Norwegian Cruise Line To Raise $800M Via Debt Offering

by Shivani Kumaresan, Benzinga Staff Writer

November 16, 2021 12:37 PM | 1 min read

Norwegian Cruise Line Holdings Ltd’s NCLH subsidiary, NCL Corporation Ltd (NCLC), has proposed to sell $800 million of its exchangeable senior notes due 2027 in a private offering.
NCLC intends to grant the initial purchasers an option to buy up to an additional $120 million of Exchangeable Notes.
The Exchangeable Notes will be general senior unsecured obligations of NCLC and guaranteed by NCLH.
NCLC expects to use the net proceeds from the offering to repurchase a portion of its 6.00% Exchangeable Senior Notes due 2024 and for general corporate purposes.
Price Action: NCLH shares are trading lower by 7.92% at $23.48 on the last check Tuesday.

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