Norwegian intends to finance the remaining portion of the Prestige acquisition, and to refinance Prestige's Oceania Cruises and Regent Seven Seas Cruises credit facilities and discharge Prestige's Regent senior secured notes using $1.05bn of borrowings under two new term loan facilities, available cash and an additional share issuance.
The offering and the new term loans are to close with the Prestige acquisition, expected in mid-November.
The $680m notes are being offered only to qualified institutional investors outside the Uniited States in a transaction that is exempt from US Securities and Exchange filing requirements.
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