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Secondary offering of NCLH shares priced at $54.35/share

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A secondary offering of 10m shares of Norwegian Cruise Line Holdings stock has been priced at $54.35 per ordinary share. The offering is expected to close on or about Nov. 20.

The shares are being offered by Apollo Global Management and Star NCLC Holdings (Genting Hong Kong). NCLH is not selling any of the shares, nor will it receive any of the proceeds.

Following the sale, Apollo's stake in NCLH would go from 13.3% now to 11.2%, while Genting HK's would go from 7.8% to 5.6%.

Morgan Stanley is acting as the sole underwriter.

NCLH closed at $55.07 Wednesday, down 3 cents. Shares have traded in a range of $38.66 to $61.48 over the past 52 weeks.