NCLH’s underwritten public offering

2021-03-12T15:51:20+00:00 March 12th, 2021|Finance|

Norwegian Cruise Line Holdings (NCLH) has commenced an underwritten public offering of 47,577,947 ordinary shares.

NCLH said that it intended to grant the underwriter an option to purchase up to 5 mill additional ordinary shares.

The net proceeds from the offering are expected to be used to repurchase all of subsidiary NCL Corp’s, exchangeable senior notes due 2026, which are currently held by an affiliate of L Catterton.

Any remaining net proceeds to be used for general corporate purposes.

Goldman Sachs & Co is acting as sole underwriter for the offering.