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NCLH proposes $500m private sale of senior notes due 2026

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Norwegian Cruise Line Holdings is proposing to sell $500m in senior notes due 2026 in a private offering.

The company expects to use the net proceeds for general corporate purposes. The notes will be guaranteed by certain subsidiaries on a senior unsecured basis.

The notes are being offered only to qualified institutional investors outside the US.

Cautionary statements list CDC compliance

Amid the usual lengthy list of cautionary statements is the ability to comply with the US Centers for Disease Control and Prevention Framework for Conditional Sailing Order and to 'otherwise develop enhanced health and safety protocols to adapt to the current pandemic environment’s unique challenges once operations resume and to otherwise safely resume our operations when conditions allow.'

Also mentioned: 'Coordination and cooperation with the CDC, the federal government and global public health authorities to take precautions to protect the health, safety and security of guests, crew and the communities visited and the implementation of any such precautions.'

 

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