Norwegian Cruise Line Holdings plans to sell $790m of senior secured notes due in 2029 through a private offering exempt from registration requirements.
The notes will be backed by interests in fourteen vessels, alongside the company’s senior secured credit facility and existing senior secured notes due in 2028.
Proceeds from the offering, along with available cash, will be used to repay outstanding term loans under the company’s senior secured credit facility, including unpaid interest, premiums, fees, and expenses.
The company said in a statement “we intend to use the net proceeds from the notes Offering, together with cash on hand, to repay the term loans outstanding under our senior secured credit facility, including to pay any accrued and unpaid interest thereon, as well as related premiums, fees and expenses,”.
