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.

Norwegian announces secondary offering of 20m shares by major holders

Norwegian announces secondary offering of 20m shares by major holders
Norwegian Cruise Line Holdings announced the launch of a secondary public offering of 20m of its ordinary shares by Apollo Global Management, Star NCLC Holdings (Genting Hong Kong) and TPG Viking Funds.

Norwegian is not selling any ordinary shares in the offering nor will it receive any of the proceeds. The total number of Norwegian ordinary shares outstanding will not change as a result of the offering.

Goldman, Sachs is acting as the sole underwriter.

Following the completion of the offering, Apollo, Genting HK and TPG Viking will together hold approximately 41.4% of the NCLH outstanding shares.

Genting HK is offering 10m shares, Apollo 7.5m and TPG Viking 2.5m.

Apollo's stake will go from 23.8% to 20.5%, Genting HK's from 22% to 17.7% and TPG Viking's from 4.3% to 3.2%.

The secondary offering was announced after market close Tuesday. NCLH shares had ended the day at $57.30, up $1.81 or 3.26% before falling nearly 4% in after-hours trading.


Hide 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.