Norwegian Cruise to redeem 5% notes due 2018 with new issue proceeds

By Susanna Moon

Chicago, Nov. 5 – Norwegian Cruise Line Holdings Ltd. said it plans to redeem its outstanding 5% senior notes due 2018.

Funding for the redemption will come from proceeds of its subsidiary NCL Corp. Ltd.’s $500 million principal amount of senior notes due 2020, according to a company press release.

Proceeds from the planned offering also will be used for other general corporate purposes, which may include debt repayment and opportunistic repurchases of common stock from time to time under its buyback program.

Norwegian Cruise Line is a Miami-based cruise company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.