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NCLH closes upsized $850m private offering of notes

Norwegian Cruise Line Holdings closed its previously announced private offering of $850m of 5.875% senior notes due 2026.

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

December 18, 2020

1 Min Read
Credit: Seatrade Cruise News

The net proceeds are expected to be used for general corporate purposes.

The amount was increased to $850m from the initially announced $500m. The notes will be guaranteed by certain NCLH subsidiaries on a senior unsecured basis.

The notes were offered only to qualified institutional buyers outside the US.

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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