Norwegian Cruise Line Holdings $400 million offering of exchangeable notes
Davis Polk also advised the representatives of the initial purchasers in connection with a concurrent Rule 144A offering by NCL Corporation Ltd. (“NCLC”) of $400 million aggregate principal amount of its 5.375% exchangeable senior notes due 2025.
Norwegian Cruise Line Holdings Ltd. (“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 28 ships with approximately 59,150 berths, these brands offer itineraries to more than 490 destinations worldwide. NCLC is a subsidiary of NCLH. NCLH’s shares are traded on the New York Stock Exchange.
The capital markets team included partner John B. Meade, counsel Jeffrey S. Ramsay and associates Yoojin Nairn-Kim, Moses Farzan Nekou and Christine Choi. The equity derivatives team included partner John M. Brandow, counsel Faisal Baloch and associate Lindsey B. Meyers-Perez. Partner Po Sit and associate Erin van Wesenbeeck provided U.S. tax advice. All member of the Davis Polk team are based in the New York office.