Seatrade Cruise News is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

NCLH prices senior notes in two-tranche private offerings

NCLH logo.jpg
Norwegian Cruise Line Holdings priced two tranches of senior notes in private offerings.

One is for $575m of its 5.875% senior notes due 2026. These notes will form part of the same series as the $850m of 5.875% senior notes due 2026 issued on Dec. 18 and will be guaranteed by certain subsidiaries on a senior unsecured basis.

In addition, NCLH priced $525m of its 6.125% senior notes due 2028. These, too, will be guaranteed by certain subsidiaries on a senior unsecured basis.

The offerings are expected to close March 3.

Proceeds to repay secured facilities

The net proceeds are expected to be used to fully repay the principal outstanding and any unpaid interest on two senior secured credit facilities and any related transaction premiums, fees and expenses, with the remainder to go toward general corporate purposes.

The notes are being offered only to qualified institutional buyers outside the United States.

Hide comments
account-default-image

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish