Sponsored By

NCLH prices and upsizes private offering of $850m notes

Norwegian Cruise Line Holdings priced $850m of its 5.875% senior notes due 2026 in a private offering.

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

December 15, 2020

1 Min Read
Credit: Seatrade Cruise News

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

NCLH expects to use the net proceeds for general corporate purposes.

The offering, to qualified institutional investors outside the US, is expected to close on Dec. 18.

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.

The latest cruise news, analysis and more straight to your inbox
Get the free newsletter read by industry experts

You May Also Like