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Norwegian Cruise Line Holdings Announces Proposed $500,000,000 Debt 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”) is proposing to issue $500.0 million aggregate principal amount of senior unsecured notes due 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 Company expects to use the net proceeds from the Offering, after deducting the initial purchasers’ discount and estimated fees and expenses, to re deem 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 buyers in reliance on Rule 144A under the Securities Act, and outside the United States, only to non-U.S. investors pursuant to Regulation S...


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