NCL Corporation Ltd. Announces Pricing for $315 Million Senior Notes Offering
MIAMI — NCL Corporation Ltd. (“NCLC”), a subsidiary of Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH), has revealed the pricing for its recent offering of $315 million in aggregate principal amount of 6.250% senior notes, which are due in 2030. This private offering of the Notes is exempt from the registration requirements specified under the Securities Act of 1933.
Overview of the Notes Offering
The company expects to close the Notes Offering shortly, subject to customary conditions. The net proceeds from this offering, along with existing cash, will be used to redeem the total principal amount of $315 million of the 3.625% Senior Notes that are due in 2024. This redemption will encompass any accrued and unpaid interest and is contingent upon the successful completion of the Notes Offering.
Eligibility for Investors and Regulatory Framework
The Notes are available exclusively to qualified institutional buyers in accordance with Rule 144A of the Securities Act. Furthermore, non-U.S. investors can also participate under Regulation S. It is crucial to understand that the Notes will not be registered under the Securities Act or any state securities laws, which means their offering or sale in the United States is restricted unless a valid exemption applies.
Legal Disclaimers and Important Information
This announcement should not be interpreted as an offer to sell or a solicitation to buy any security. It does not authorize any solicitation or sale in jurisdictions where such actions would be unlawful. Additionally, this announcement does not constitute an offer to purchase or a notice of redemption for the 2024 Senior Notes. The information provided is in compliance with Rule 135c under the Securities Act.
Contact for Investor Relations
For further details regarding this offering, please reach out to the Investor Relations team. Sarah Inmon can be contacted 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.