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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.
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