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Apollo, Genting HK launch secondary offering of NCLH sharesApollo, Genting HK launch secondary offering of NCLH shares

Apollo Global Management and Star NCLC Holdings (Genting Hong Kong) launched a secondary offering of 10m shares in Norwegian Cruise Line Holdings.

Anne Kalosh, Editor, Seatrade Cruise News & Senior Associate Editor, Seatrade Cruise Review

November 15, 2017

1 Min Read
Credit: Seatrade Cruise News

Each party is selling 5m shares. 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 is not selling any shares in the offering, nor will it receive any of the proceeds. The total number of ordinary shares outstanding will not change as a result of the offering.

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.

About the Author

Anne Kalosh

Editor, Seatrade Cruise News & Senior Associate Editor, Seatrade Cruise Review

Anne Kalosh covers global stories, reporting both breaking and in-depth news on cruising's significant people, places, ships and trends. A sought-after expert on cruising, she has moderated conferences around the world, including the high-profile State of the Industry panel at Seatrade Cruise Global. She created and led the acclaimed itinerary-planning case study for Seatrade's cruise master classes held at Cambridge and Oxford universities. She has been the cruise columnist for AFAR.com, and her freelance stories have appeared in a wide range of publications, from The New York Times to The Miami Herald.

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