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

NCLH logo.jpg
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.

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.

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