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NCLH closes private offering of $1.15bn exchangeable notesNCLH closes private offering of $1.15bn exchangeable notes

Norwegian Cruise Line Holdings on Friday closed its private offering of $1.15bn 1.125% exchangeable senior notes due 2027.

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

November 20, 2021

1 Min Read
Credit: Seatrade Cruise News

This includes $150m of notes issued after the initial purchasers exercised their full option to buy additional notes.

The notes will be guaranteed by the company on a senior unsecured basis.

Use of proceeds

Net proceeds, together with a portion of proceeds from a simultaneous equity offering, will be used to repurchase $715.9m of NCLH's 6% exchangeable senior notes due 2024 for approximately $1.4bn in privately negotiated agreements with a limited number of notes holders.

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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