Norwegian Cruise Line (NYSE:NCLH) has commenced an offering of ordinary shares to certain holders of its subsidiary NCL Corporation’s 1.125% Exchangeable Senior Notes due 2027 and 2.50% Exchangeable Senior Notes due 2027.
Separately, NCL Corporation proposed to sell $1,025.0 million of its senior notes due 2031, $1,025.0 million of its senior notes due 2033 and $1,200.0 million of its exchangeable senior notes due 2030.
The company plans to use the net proceeds from the equity offering, together with the net proceeds of its exchangeable senior notes due 2030, to repurchase a portion of the 2027 Exchangeable Notes.
