NCL unit NCL Corp proposes $750 million senior notes due 2031
NCLH•NCL Corp launched a private offering of $750 million in senior notes due 2031. Proceeds, together with cash on hand, are earmarked to redeem all outstanding 6.125% notes due 2028 and repay about $176.3 million on a revolver and $42.2 million on an export-credit-backed facility.
1. Debt offering
NCL Corporation, a Norwegian Cruise Line Holdings subsidiary, launched a private offering of $750 million in senior notes due 2031. Proceeds, together with cash on hand, are earmarked to redeem all outstanding 6.125% Senior Notes due 2028.
2. Facility repayments
The funding also targets repayment of roughly $176.3 million on a revolver and prepayment of about $42.2 million on an export-credit-backed facility.
