Norwegian Cruise Line Hldg Ltd Stock Price, News & Analysis

Norwegian Cruise Line Holdings (NYSE: NCLH) will release its second quarter 2020 financial results on August 6, 2020, at 7:00 a.m. ET. A conference call to discuss the results will follow at 10:00 a.m. ET, which will be available via webcast on the Company’s Investor Relations website. Norwegian Cruise Line Holdings operates several cruise brands and has a fleet of 28 ships offering itineraries to over 490 destinations globally. The company plans to introduce nine additional ships by 2027.

Norwegian Cruise Line Holdings (NYSE: NCLH) announced an extension of its suspension of global cruise voyages, now covering all voyages from October 1 to October 31, 2020. The company aims to enhance transparency with monthly updates on voyage status starting in August. Furthermore, Norwegian is collaborating with Royal Caribbean Group to establish enhanced health and safety protocols amid the COVID-19 pandemic, involving a panel of public health experts. The company continues to coordinate efforts with the CDC and other health authorities to ensure safety for guests and crew.

NCL Corporation Ltd. (NCLC), a subsidiary of Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH), announced the closing of its $750 million private offering of 10.250% senior secured notes due 2026. Proceeds will repay a $675 million revolving credit facility and cover transaction fees. Additionally, NCLC closed a $400 million private offering of 5.375% exchangeable senior notes due 2025, with an option for an additional $60 million. The exchangeable notes can be converted into NCLC’s Series A Preference Shares, which are automatically exchangeable into ordinary shares of NCLH.

Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) has successfully completed its public offering of 19,166,667 ordinary shares at $15.00 per share, which includes the full exercise of an underwriters' option for an additional 2.5 million shares. The proceeds from this offering will be used for general corporate purposes. J.P. Morgan, Citigroup, Goldman Sachs, and others served as joint book-running managers. This offering was conducted under an automatic shelf registration statement with the SEC.

Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) has priced its public offering of 16,666,667 ordinary shares at $15.00 each, with an option for underwriters to purchase an additional 2,500,000 shares by August 17, 2020. The offering, set to close on July 21, 2020, will support general corporate purposes. Major investment banks, including J.P. Morgan and Goldman Sachs, are leading the offering, filed under an automatic shelf registration statement. The firm operates a fleet of 28 ships across several brands, with plans to add nine more vessels by 2027.

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.