The offering was increased from $500m and is expected to close Feb. 2.
Use of proceeds
Norwegian Cruise Line Holdings intends to use the proceeds to repay a portion of the term loans under its senior secured credit facility that come due in January 2024.
Secured by 13 ships
The notes will be secured by first-priority interests in 13 ships that also secure NCLH's senior secured credit facility. The notes will be guaranteed by ubsidiaries that own the ships that secure the notes.
The notes are being offered only to qualified institutional investors outside the US.
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