Norwegian Cruise Line Holdings Ltd. (NCLH), the world’s third largest cruise shipping group, said that its subsidiary, NCL Corporation Ltd.has entered into an agreement to sell $600.0 million aggregate principal amount of 4.625% senior unsecured notes due November 2020 in a private offering.
“The size of the offering was increased from $500.0 million to $600.0 million. The Notes are to be issued at par,” NCLH said in a statement.
“The company expects to use the net proceeds from the Offering, after deducting the initial purchasers' discount and estimated fees and expenses, to redeem and discharge its outstanding 5.00% Senior Notes due 2018 and for other general corporate purposes, which may include debt repayment and/or opportunistic repurchases of common stock from time to time under its ongoing share repurchase program,” NCLH said.
