The senior secured notes are due 2028

Davis Polk advised the initial purchasers in connection with a Rule 144A / Regulation S offering by NCL Corporation Ltd. (NCLC), a wholly owned subsidiary of Norwegian Cruise Line Holdings Ltd. (NCLH), of $600 million aggregate principal amount of its 8.375% senior secured notes due 2028.

NCLH is a leading global cruise company that operates the Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas cruises brands. With a combined fleet of 29 ships with approximately 62,000 berths, these brands offer itineraries to more than 500 destinations worldwide. NCLH’s shares are traded on the NYSE.

The Davis Polk capital markets team included partner John B. Meade, counsel Jeffrey S. Ramsay and associate Brad Larkin. The finance team included counsel Mayer J. Steinman and Andrei Takhteyev and associates Jeffrey Hon and Amy Zhang. Partner Michael Farber and associate Ted Lee provided tax advice. Partner Michael Scheinkman provided litigation advice. All members of the Davis Polk team are based in the New York office.