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.