NCL Corporation Ltd. Prices $315 Million Senior Notes Offering
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NCL Corporation Ltd. Prices $315 Million Senior Notes Offering
MIAMI — NCL Corporation Ltd. (“NCLC”), a subsidiary of Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH), has announced the recent pricing of $315 million in aggregate principal amount of its 6.250% senior notes due 2030. This offering of the Notes was conducted privately and is exempt from the registration requirements under the Securities Act of 1933.
Details of the Notes Offering
The closing of the Notes Offering is anticipated to occur soon, pending customary conditions. The company plans to utilize the net proceeds, along with cash on hand, to redeem the aggregate principal amount of $315 million of the 3.625% Senior Notes due 2024. This redemption will include any accrued and unpaid interest, and it is conditioned upon the successful completion of the Notes Offering.
Investor Eligibility and Regulations
These Notes are being offered exclusively to qualified institutional buyers, in accordance with Rule 144A under the Securities Act. Additionally, the offering is open to non-U.S. investors under Regulation S. It’s important to note that the Notes will not be registered under the Securities Act or state securities laws, which restricts their offering or sale in the United States unless under an applicable exemption.
Legal Considerations and Disclaimers
This announcement is not to be construed as an offer to sell or a solicitation to buy any security, and it does not permit any solicitation or sale in jurisdictions where such actions would be illegal. The announcement also does not serve as an offer to purchase or notice of redemption regarding the 2024 Senior Notes. The information is disseminated as part of compliance with Rule 135c under the Securities Act.
Investor Relations Contact
For more information regarding this offering, you can reach the Investor Relations team. Sarah Inmon is available at (786) 812-3233 or via email at InvestorRelations@nclcorp.com.
Frequently Asked Questions
What is the purpose of the notes offering?
The proceeds from the notes offering will be used to redeem existing senior notes and cover any accrued interest.
Who is eligible to purchase the notes?
The notes are offered only to qualified institutional buyers under Rule 144A and to non-U.S. investors under Regulation S.
When is the expected closing date for the offering?
The offering is expected to close soon, pending customary conditions.
What is the interest rate for the senior notes?
The senior notes have an interest rate of 6.250% and are due in 2030.
Where can I find more information about NCL Corporation Ltd.?
Additional information can be obtained by contacting NCL Corporation's Investor Relations or visiting their official website.
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