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NCL Corp. plans private offering of $500m senior notes

NCL Corp. plans private offering of $500m senior notes
Norwegian Cruise Line Holdings' NCL Corp. subsidiary plans to offer $500m in senior unsecured notes due 2020 in a private offering.

The company said the proceeds will be used to redeem and discharge its outstanding 5% senior notes due 2018 and for other general corporate purposes. Those may include debt repayment and/or opportunistic repurchases of common stock from time to time under NCL's ongoing share repurchase program.

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

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