NCL Corporation Ltd. Announces Pricing of $315,000,000 of Senior Notes
September 03 2024 - 5:08PM
NCL Corporation Ltd. (“NCLC”), a subsidiary of Norwegian Cruise
Line Holdings Ltd. (NYSE: NCLH), announced today that it has priced
$315.0 million aggregate principal amount of its 6.250% senior
notes due 2030 (the “Notes”), which were offered in a private
offering (the “Notes Offering”) that is exempt from the
registration requirements of the Securities Act of 1933, as amended
(the “Securities Act”).
The offering of the Notes is expected to close
on September 17, 2024, subject to customary closing conditions. We
intend to use the net proceeds from the Notes Offering, together
with cash on hand, to redeem $315.0 million aggregate principal
amount of the 3.625% Senior Notes due 2024 (the “2024 Senior
Notes”), including to pay any accrued and unpaid interest thereon.
The redemption of the 2024 Senior Notes will be conditioned upon
the consummation of the Notes Offering.
The Notes are being offered only to persons
reasonably believed to be 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.
The Notes will not be registered under the Securities Act or the
securities laws of any state and may not be offered or sold in the
United States absent registration or an applicable exemption from
the registration requirements of the Securities Act and applicable
state laws.
This press release shall not constitute an offer
to sell or a solicitation of an offer to buy any security and shall
not constitute an offer, solicitation or sale in any jurisdiction
in which such offer, solicitation or sale would be unlawful. This
press release also shall not constitute an offer to purchase, a
solicitation of an offer to sell, or notice of redemption with
respect to the 2024 Senior Notes. This press release is being
issued pursuant to and in accordance with Rule 135c under the
Securities Act.
Cautionary Statement Concerning
Forward-Looking Statements
Some of the statements, estimates or projections
contained in this press release are “forward-looking statements”
within the meaning of the U.S. federal securities laws intended to
qualify for the safe harbor from liability established by the
Private Securities Litigation Reform Act of 1995. All statements
other than statements of historical facts contained in this press
release, including statements regarding the Notes Offering and the
use of proceeds therefrom, may be forward-looking statements. Many,
but not all, of these statements can be found by looking for words
like “expect,” “anticipate,” “goal,” “project,” “plan,” “believe,”
“seek,” “will,” “may,” “forecast,” “estimate,” “intend,” “future”
and similar words. Forward-looking statements do not guarantee
future performance and may involve risks, uncertainties and other
factors which could cause our actual results, performance or
achievements to differ materially from the future results,
performance or achievements expressed or implied in those
forward-looking statements. For a discussion of these risks,
uncertainties and other factors, please refer to the factors set
forth under the sections entitled “Risk Factors” and “Cautionary
Statement Concerning Forward-Looking Statements” in our most
recently filed Annual Reports on Form 10-K, Quarterly Reports on
Form 10-Q and subsequent filings with the Securities and Exchange
Commission. These factors are not exhaustive and new risks emerge
from time to time. There may be additional risks that we consider
immaterial or which are unknown. Such forward-looking statements
are based on our current beliefs, assumptions, expectations,
estimates and projections regarding our present and future business
strategies and the environment in which we expect to operate in the
future. These forward-looking statements speak only as of the date
made. We expressly disclaim any obligation or undertaking to
release publicly any updates or revisions to any forward-looking
statement to reflect any change in our expectations with regard
thereto or any change of events, conditions or circumstances on
which any such statement was based, except as required by law.
Investor Relations & Media
Contact
Sarah Inmon(786)
812-3233InvestorRelations@nclcorp.com
Norwegian Cruise Line (NYSE:NCLH)
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