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Norwegian Cruise Line Holdings Announces The Pricing Of Upsized $600,000,000 Senior Notes Offering

The following excerpt is from the company's SEC filing.

MIAMI, Nov. 5, 2015 (GLOBE NEWSWIRE) — Norwegian Cruise Line Holdings Ltd. (NASDAQ:NCLH) (“NCLH”) announced today that its subsidiary, NCL Corporation Ltd. (“NCLC” and together with NCLH, the “Company”), entered into an agreement to sell $600.0 million aggregate principal amount of 4.625% senior unsecured notes due November 2020 (the “Notes”) in a private offering (the “Offering”) that is exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”). The size of the Offering was increased from $500.0 million to $600.0 million. The Notes are to be issued at par.

T he Company expects to use the net proceeds from the Offering, after deducting the initial purchasers’ discount and estimated fees and expenses, to redeem and discharge its outstanding 5.00% Senior Notes due 2018 and for other general corporate purposes, which may include debt repayment and/or opportunistic repurchases of common stock from time to time under its ongoing share repurchase program.

The Notes are being offered only to qualified institutional...


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