Norwegian Cruise Line Hldg Ltd Stock Price, News & Analysis

NCL Corporation Ltd. (NCLC), a subsidiary of Norwegian Cruise Line Holdings Ltd. (NCLH), has priced $750 million of 10.250% senior secured notes due 2026, increasing from $675 million. Additionally, $400 million of 5.375% exchangeable senior notes due 2025 were also priced, raised from $250 million. The net proceeds will be utilized for repaying debt and general corporate purposes. The offerings are set to close on July 21, 2020, and are exempt from registration under the Securities Act.

NCL Corporation Ltd. (a subsidiary of Norwegian Cruise Line Holdings Ltd.) plans to issue $675 million in senior secured notes due 2026 and $250 million in exchangeable senior notes due 2025, with an option for an additional $37.5 million. The proceeds will primarily be used to repay a revolving credit facility and cover related fees. The notes are offered privately, exempt from Securities Act registration, and will be secured by a priority interest in a vessel. The exchangeable notes are convertible into preference shares, which will be exchangeable for ordinary shares of NCLH.

Norwegian Cruise Line Holdings Ltd. (NCLH) has initiated an underwritten public offering of $250 million in ordinary shares, with an additional $37.5 million option for underwriters. The net proceeds will be allocated for general corporate purposes. The offering is made under an automatic shelf registration statement with the SEC. Joint book-running managers include J.P. Morgan, Citigroup, and Goldman Sachs. This announcement highlights NCLH's strategy to bolster liquidity amidst ongoing challenges in the cruise industry, particularly due to the COVID-19 pandemic.

Norwegian Cruise Line Holdings (NYSE: NCLH) appointed Scott Dahnke as an independent director effective July 14, 2020. Dahnke, the Global co-CEO of L Catterton, brings extensive experience in private equity and consumer brands. His insights are expected to enhance the Board's capabilities. Norwegian’s Chairman and CEO emphasized Dahnke's strong leadership and background in finance and management, which aligns with the company's innovation in cruise travel. Norwegian operates 28 ships and plans to expand its fleet by nine ships by 2027.

Norwegian Cruise Line Holdings (NCLH) announced an extension of its global cruise suspension, impacting all voyages scheduled between August 1 and September 30, 2020. This decision excludes Seattle-based Alaska itineraries in September and includes select cancellations through October 2020 due to ongoing travel and port restrictions. The company continues to work with health authorities to ensure safety. Guests affected by the cancellations are advised to contact their travel advisor for further information.

NCL Corporation Ltd., a subsidiary of Norwegian Cruise Line Holdings Ltd. (NCLH), has successfully closed a private placement of $400 million in exchangeable senior notes due 2026 to an affiliate of L Catterton. The funds raised will support general corporate purposes. The notes, guaranteed by NCLH, are exchangeable into Series A Preference Shares and subsequently into ordinary shares of NCLH at an initial exchange price of $12.10 per share. Goldman Sachs acted as the placement agent. This transaction aims to enhance the company’s financial flexibility amid ongoing challenges.

Norwegian Cruise Line Holdings (NYSE: NCLH) will announce its first quarter 2020 financial results on May 14, 2020, at 7:00 a.m. Eastern Time, followed by a conference call at 10:00 a.m. Eastern Time. The call will be webcast on the Company’s Investor Relations website, and a replay will be available for 30 days. Norwegian Cruise Line Holdings operates brands including Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises, with a fleet of 28 ships and plans to introduce nine new ships by 2027.

NCL Corporation Ltd. (subsidiary of Norwegian Cruise Line Holdings Ltd., NYSE: NCLH) has priced $750 million in 6.00% exchangeable senior notes due 2024, increased from $650 million. An option for an additional $112.5 million is available until May 20, 2020. The notes, convertible into Series A Preference Shares of NCLC, have an initial exchange price of approximately $13.75, a 25% premium to NCLH's recent share price. Additionally, $675 million in 12.25% senior secured notes due 2024 were also priced, with proceeds aimed at general corporate purposes.

The Norwegian Cruise Line Holdings Ltd. (NCLH) has announced a public offering of 36,363,636 ordinary shares at $11.00 each, raising approximately $400 million, up from a prior estimate of $350 million. An additional option allows underwriters to purchase 5,454,545 shares before June 6, 2020. The offering is set to close on May 8, 2020, pending standard conditions, with proceeds allocated for general corporate purposes. Major financial institutions are managing the offering under an automatic shelf registration statement filed with the SEC.