Norwegian Cruise Line Holdings offers $500m in notes | TradeWinds



Norwegian Cruise Line Holdings is looking to sell $500m of its senior secured notes in a private offering to repay some outstanding term loans that will mature next year.

The New York-listed cruise major will back the notes with 13 of its 29 ships that also secure the company’s $875m senior secured revolving credit facility.

“We intend to use the net proceeds from the Notes Offering to repay a portion of the term loans outstanding under our senior secured credit facility that will become due in January 2024, including to pay any accrued and unpaid interest thereon, as well as related premiums, fees and expenses,” the company said on Thursday.



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