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NCLH share sale underwriters exercise full option for 2.5m shares

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The underwriters of Norwegian Cruise Line Holdings' public offering of 16,666,667 shares at a price to the public of $15 per share have exercised their full option to acquire 2.5m additional shares.

Nearly 19.2m new shares

This means NCLH will issue an aggregate 19,166,667 shares, including the option shares.

JP Morgan, Citigroup, Goldman Sachs & Co. LLC , Barclays, Mizuho Securities and UBS Investment Bank are acting as joint book-running managers.

The offering is expected to close on July 21, with net proceeds to be used for general corporate purposes.

NCLH shares closed at $15.27 Friday. The stock has traded in a range of $7.03 and $59.78 over the past 52 weeks.