NCL Corporation Ltd. Senior Notes Offering Announcement
NCL Corporation Ltd. (NCLC), a subsidiary of Norwegian Cruise Line Holdings Ltd., has some big news to share today. They’re planning to offer up $1,800.0 million in senior notes due in 2032. This special offering, known as the Notes Offering, will be exempt from certain registration requirements.
What’s the plan for all that cash? Well, NCLC intends to use the money raised from the Notes Offering, along with some cash on hand, to do a little financial housekeeping. They’re looking to redeem $1,200.0 million worth of 5.875% Senior Notes due 2026 and $600.0 million worth of 8.375% Senior Secured Notes due 2028. Plus, any interest that’s accrued and unpaid on those notes will be taken care of, along with any other associated fees and expenses. It’s a smart move for the company, and it’s all dependent on the successful completion of the Notes Offering.
Interested in getting in on this offering? Keep in mind that the Notes are only up for grabs for qualified institutional buyers under Rule 144A of the Securities Act. And for those who are outside of the U.S., non-U.S. investors can also take part under Regulation S. Just a heads up, though – these Notes won’t be registered under the Securities Act or any state securities laws, so they can’t be sold in the U.S. without the proper registration or exemption.
Remember – this announcement isn’t an invitation to buy or sell anything, nor is it a guarantee of anything happening. It’s all in accordance with Rule 135c under the Securities Act.
As always, it’s important to think about the future. Some of the statements in this announcement are forward-looking and involve some risks and uncertainties. For more details on potential risks and factors to consider, you can take a look at NCLC’s recent filings with the Securities and Exchange Commission. New risks can always pop up, so it’s good to stay informed.
Got any questions? Reach out to Sarah Inmon at InvestorRelations@nclcorp.com or give her a call at (786) 812-3233.
Exciting things are happening for NCLC, and it’s always a good idea to keep an eye on what’s going on in the world of finance!
