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Prospect News home > News index > List of issuers N > Headlines for Norwegian Cruise Line Holdings Ltd. > News item
Published on 12/2/2019 in the Prospect News High Yield Daily.

Norwegian Cruise Line to sell $565 million five-year notes on Monday; initial talk 4% area

By Paul A. Harris

Portland, Ore., Dec. 2 – Norwegian Cruise Line Holdings Ltd. plans to sell $565 million of senior notes due 2024 (Ba2/BB+) is a Monday drive-by, according to market sources.

Initial talk has the deal coming to yield in the 4% area.

J.P. Morgan Securities LLC is leading the Rule 144A and Regulation S offering.

The issuing entity will be NCL Corp. Ltd., a subsidiary of Norwegian Cruise Line Holdings.

The Miami-based cruise line company plans to use the proceeds, together with cash on hand, to redeem all $565 million of its outstanding 4¾% senior notes due 2021.


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