- 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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