Convertibles Calendar: Norwegian Cruise on tap

Feb. 10

NCL CORP. LTD.:

• $435 million five-year notes exchangeable for Norwegian Cruise Line shares

• Greenshoe of $65 million

• Coupon of 2.5% to 3% and initial exchange premium of 47.5% to 52.5%

• J.P. Morgan Securities LLC, Goldman Sachs & Co. LLC and Mizuho Securities USA Inc.

• Non-callable for three years and then subject to a 130% hurdle

• Rule 144A

• Concurrent offering of $1 billion senior secured notes due 2027 and $600 million senior notes due 2029

• Proceeds to redeem outstanding 12.25% senior secured notes due 2024 and 10.25% senior secured notes due 2026

• Miami-based cruise line

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