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.
