Benzinga | Nov 15, 2021 04:05PM EST

Norwegian Cruise Reports Registered Direct Offering Of Common Shares To Certain Shareholders

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) (the "Company") announced today that it has commenced a registered direct offering of ordinary shares of the Company (the "Offering") to certain holders of NCL Corporation Ltd.'s ("NCLC"), a subsidiary of the Company, 6.00% Exchangeable Senior Notes due 2024.

The Company expects to use the net proceeds from the Offering to redeem up to $236.25 million aggregate principal amount of NCLC's 12.25% Senior Secured Notes due 2024 and up to $262.50 million aggregate principal amount of NCLC's 10.250% Senior Secured Notes due 2026, including any accrued but unpaid interest thereon, to pay related premiums, fees and expenses and for general corporate purposes.

The Offering is being made under an automatic shelf registration statement filed with the U.S. Securities and Exchange Commission ("SEC") on November 17, 2020. The Offering may be made only by means of a prospectus supplement and an accompanying base prospectus. A preliminary prospectus supplement and accompanying base prospectus relating to the Offering will be filed with the SEC and will be available on the SEC's website at www.sec.gov.

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 an offer, solicitation or sale would be unlawful prior to the registration and qualification under the securities laws of such state or jurisdiction. This press release also shall not constitute an offer to purchase or notice of redemption with respect to NCLC's 12.25% Senior Secured Notes due 2024 or 10.250% Senior Secured Notes due 2026.