The company plans to use the proceeds to purchase its outstanding 5.25% senior notes due 2019. The aggregate principal of those notes is $680m.
The new notes are being offered only to qualified institutional buyers outside the US.
Simultaneously, NCLH commenced a cash tender offer for the outstanding 5.25% senior notes. The company will pay $1,029.25 per $1,000 principal amount of these notes plus accrued and unpaid interest up to the settlement date, expected to be Dec. 14.
This tender offer will expire Dec. 9 at 5 p.m. New York City time, unless extended or earlier terminated, as outlined in the purchase offer.
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