NCL Corporation Ltd. (NCLC), a subsidiary of Norwegian Cruise Line Holdings Ltd has announced that it entered into an agreement to sell $700.0 million aggregate principal amount of 4.750% senior unsecured notes due December 2021 in a private offering that are to be issued at par, the company said in a statement.
The company said it intends to use the net proceeds from the Offering, after deducting the initial purchasers' discount and estimated fees and expenses, together with cash on hand, to purchase any and all of its outstanding 5.25% senior notes due 2019 that are validly tendered and accepted for purchase in the previously announced tender offer and to redeem and satisfy and discharge any 5.25% Senior Notes not purchased in the tender offer.
