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NCLH prices and upsizes private offering of $850m notes

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

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.