RTTNews | Mar 5, 2021 10:31AM EST

10:31 Friday, March 5, 2021 (RTTNews.com) - Shares of Norwegian Cruise Line Holdings Ltd. (NCLH) are falling more than 14% Friday morning after the company announced public offering of about 47.58 million shares.

The Company plans to use net proceeds from the offering to repurchase all of NCL Corporation's, a unit of the company, exchangeable senior notes due 2026 held by an affiliate of L Catterton. The remaining proceeds, if any, are expected to be used for general corporate purposes.

NCLH, currently at $28.10, has been trading in the range of $7.03- $34.48 in the last 52 weeks.

Read the original article on RTTNews ( https://www.rttnews.com/3175323/stock-alert-norwegian-cruise-line-drops-14-sets-public-offering-of-about-48-mln-shares.aspx)

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