Norwegian Cruise Line senior secured and senior unsecured notes offering
The senior secured notes are due 2027 and the senior unsecured notes are due 2029
Davis Polk advised the representatives of 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 $1 billion aggregate principal amount of its 5.875% senior secured notes due 2027 and of $600 million aggregate principal amount of its 7.750% senior unsecured notes due 2029.
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. NCLH’s shares are traded on the New York Stock Exchange.
The Davis Polk capital markets team included partner John B. Meade, counsel Jeffrey S. Ramsay and associates Yoojin Nairn-Kim and Amber Leary. The finance team included counsel Mayer J. Steinman. Partner Michael Farber and associates Ben Levenback and Eitan Ulmer provided U.S. tax advice. Partner Jonathan Cooklin and counsel Dominic Foulkes provided U.K. tax advice. Members of the Davis Polk team are based in the New York and London offices.