Seatrade Cruise News is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

NCLH to buy back $20m in shares from secondary offering by major holders

NCLH to buy back $20m in shares from secondary offering by major holders

Norwegian Cruise Line Holdings' two largest shareholders launched a secondary offering of about 10.3m shares, and Norwegian agreed to buy back some $20m in shares from the underwriter.

Apollo Global Management and Star NCLC Holdings (Genting Hong Kong) are selling an equal amount of the NCLH shares in an offering underwritten solely by Goldman, Sachs.

Following the sale, the Apollo holders' stake in Norwegian will go to 15.8%, down from 18.1% currently, while Genting HK's stake will go to $11.1%, from 13.4% now.

At the same time Norwegian agreed to repurchase shares sold in the offering for an aggregate price of approximately $20m, at a price per share equal to the price paid by Goldman, Sachs to the selling shareholders.

The share repurchase is part of Norwegian’s existing $500m share repurchase program.

Hide comments
account-default-image

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish