NCLH raising $790 million in private offering


NCLH raising $790 million in private offering

Saturday, 11 Oct, 2023 0

Norwegian Cruise Line Holdings plans a capital raise of nearly $800 million.

It announced the intention to sell $790 million senior secured notes due 2029 in a private offering.

The notes and their guarantees will be secured by ‘first-priority interests in 14 ships.’

“We intend to use the net proceeds together with cash on hand, to repay the term loans outstanding under our senior secured credit facility,” the company said.

The notes sale is restricted to qualified institutional buyers based outside the United States only.

The private offering is exempt from the registration requirements of the Securities Act, and conditioned on amendments to NCLH’s senior secured credit facility, it says

NCLH currently has a combined multi-brand fleet of 28 ships with nine additional ships  launching through 2027.



 

profileimage

TravelMole Editorial Team

Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.



Most Read

Exploring Brooklands Museum with Alex Patterson

Global Tourism Challenges and Upcoming Events: A Conversation with Don Welsh

Peebles Barbeque: A Legacy of Flavor and Tradition

Exploring Bok Tower Gardens with Erica Smith

Rue’s Living Water Boat Cruises: Exploring Winter Haven’s Chain of Lakes

Durango and Silverton Railroad: A Timeless Journey Through History and Scenic Beauty

Walt Leger on New Orleans’ Resilience and Major Events Ahead

Cindy Mackin Shares Estes Park’s Winter Thrills

Mark Jaronski of Explore Georgia on FIFA World Cup 2026

Connecting Small Businesses to Global Tourism Markets: Nate Huff of Tourism Exchange

North Carolina’s Resilience: Wit Tuttell on Recovery and Tourism

Kittipong Prapattong’s Plan for Thailand’s Tourism Growth: Taxes, Visas, and Campaigns
TRAINING & COMPETITION

Our emails to you has bounced travelmole.com Or You can change your email from your profile Setting Section

Your region selection will be saved in your cookie for future visits. Please enable your cookie for TravelMole.com so this dialog box will not come up again.

Price Based Country test mode enabled for testing United States (US). You should do tests on private browsing mode. Browse in private with Firefox, Chrome and Safari