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NCLH closes pair of senior notes offerings

Norwegian Cruise Line Holdings closed its private offerings of $575m 5.875% senior notes due 2026 and of $525m 6.125% senior notes due 2028.

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

March 3, 2021

1 Min Read
Credit: Seatrade Cruise News

The 5.875% notes form part of the same series as the $850m 5.875% senior notes due 2026 issued on Dec. 18.

Both notes will be guaranteed by certain company subsidiaries on a senior unsecured basis.

Use of proceeds

The net proceeds from the offerings are expected to be used to fully repay the principal and unpaid interest under two senior secured credit facilities, with the remainder of the proceeds to be used for general corporate purposes.

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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