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Norwegian Cruise Line Holdings prices $565m private notes offering

A Norwegian Cruise Line Holdings subsidiary entered into an agreement to sell $565m in senior notes due 2024 at 3.625% interest in a private offering.

Proceeds to redeem outstanding 4.75% notes

The company said it intends to use the proceeds, together with cash on hand, to redeem all $565m of its outstanding 4.75% senior notes due 2021.

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

On Nov. 29, a redemption notice went to the holders of the 4.75% senior notes at a price of 101.188% of their principal amount plus interest.

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