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Norwegian Cruise Line announces proposed offering of senior notes
The Fly

Norwegian Cruise Line announces proposed offering of senior notes

NCL Corporation is proposing to sell $1,800.0 million aggregate principal amount of its senior notes due 2032 in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended. The company said, “We intend to use the net proceeds from the Notes Offering, together with cash on hand, to redeem $1,200.0 million aggregate principal amount of the 5.875% Senior Notes due 2026 and $600.0 million aggregate principal amount of the 8.375% Senior Secured Notes due 2028, together with any accrued and unpaid interest thereon, and to pay any related transaction premiums, fees and expenses. The redemption of the 2026 Senior Notes and the 2028 Senior Secured Notes will be conditioned upon the consummation of the Notes Offering.”

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