Norwegian Cruise Line Hldg Ltd Stock Price, News & Analysis

Oceania Cruises announces that its newly re-inspired Riviera will sail in Asia for the first time in the 2023-2024 season due to high demand. This 1,238-guest ship will offer 25 unique voyages, ranging from 10 to 82 days, showcasing captivating locations across Asia and the South Pacific. With nearly doubled seasonal availability, a total of 121 itineraries are now open for booking. The reimagined vessel features luxurious staterooms and upgraded public spaces, enhancing the onboard experience. Furthermore, Oceania Cruises reported record sales after a successful year in luxury cruising.

NCL Corporation Ltd., a subsidiary of Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH), has priced $600 million of its 8.375% senior secured notes due 2028, increasing from a previous $500 million target. The offering, exempt from Securities Act registration, is set to close on February 2, 2023. Proceeds will be used to repay term loans due January 2024, covering accrued interest and associated costs. The notes will be secured by interests in thirteen vessels and guaranteed by subsidiaries owning these vessels. The offering targets qualified institutional buyers and non-U.S. investors only, with no public sale planned.

NCL Corporation Ltd. has announced a proposed offering of $500 million in senior secured notes due 2028. The offering is exempt from registration under the Securities Act and will be secured by interests in thirteen vessels. Proceeds will be used to repay part of the term loans due in January 2024. The notes will be offered to qualified institutional buyers and non-U.S. investors. This move is part of NCLH's strategy to manage its debt and optimize liquidity amid ongoing challenges from the COVID-19 pandemic and geopolitical tensions, particularly Russia’s invasion of Ukraine.

Norwegian Cruise Line Holdings (NYSE: NCLH) has launched the "Experiences at Sea" brand by merging Sixthman Festivals at Sea and its Charters, Meetings and Incentives division. This brand will host 13 immersive events over 66 nights from January 20 to March 27, 2023, aboard the Norwegian Pearl, featuring artists and athletes tailored to various affinity communities. Notable events include themed cruises for music genres and professions. Additionally, NCLH is offering bespoke packages for the Rugby World Cup 2023, allowing travelers to enjoy matches in France while aboard the Norwegian Epic.

Norwegian Cruise Line Holdings (NYSE: NCLH) announced key executive changes effective January 1, 2023, as part of its succession planning. Andrea DeMarco will become President of Regent Seven Seas Cruises, while Frank A. Del Rio will lead Oceania Cruises. Both previously served as Chief Sales and Marketing Officers for their respective brands. Former Presidents Jason Montague and Howard Sherman will remain as Special Advisors. The management transition aims to leverage their extensive experience and maintain brand continuity amidst ongoing recovery efforts in the cruise industry.

Norwegian Cruise Line Holdings has successfully amended and extended its Operating Credit Facility, increasing the debt capacity by $1.5 billion and extending the maturities of approximately $1.4 billion of debt to January 2025. The company aims to address the remaining debt of approximately $1.5 billion due in January 2024. CFO Mark A. Kempa expressed confidence in restoring the balance sheet over time while acknowledging the complexities of the current macroeconomic environment.

Norwegian Cruise Line (NCL) announces the premiere of a two-part episode titled "EMBARK with NCL" featuring the debut of its newest ship, Norwegian Prima. The episode airs on December 8, 2022, at 8 P.M. ET, offering viewers a behind-the-scenes look at the ship's christening in Reykjavik, Iceland. Highlights include performances by Icelandic artists and a ceremonial champagne bottle break by Godmother Katy Perry. Part two showcases innovative onboard experiences such as the Indulge Food Hall and the Prima Speedway. The episode aims to inspire future cruise travelers.

Oceania Cruises has launched a new immersive Grand Voyage itinerary for 2023, titled Mediterranean Connection. Set to sail from Venice to Barcelona on October 11, 2023, this 33-day cruise will visit 28 unique ports without repeating any. Highlights include gourmet culinary experiences, a blend of history and culture, and an overnight stay in Istanbul. Shorter segments of the voyage are also available, catering to different travel preferences. The cruise caters to travelers seeking in-depth exploration of the Eastern Mediterranean and Holy Lands.