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NCLH 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.

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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