Sponsored By

NCLH prices underwritten public offering of 47.6m shares at $30/share

Norwegian Cruise Line Holdings priced its underwritten public offering of 47,577,947 ordinary shares at $30 per share and will grant the underwriter an option to purchase up to 5m additional shares.

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

March 5, 2021

1 Min Read
Credit: Seatrade Cruise News

The company expects to use the net proceeds to repurchase all exchangeable senior notes due 2026, which are currently held by an affiliate of L Catterton, with any remaining net proceeds to be used for general corporate purposes.

Goldman Sachs underwriter

Goldman Sachs is acting as sole underwriter.

The offering is expected to close March 9.

NCLH closed at $32.90, down 23 cents on Thursday and shares were off more than 6% in pre-market-open trading Friday.

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