Norwegian Cruise Line Holdings Ltd. Offering of Exchangeable Notes
5/14/2020

Davis Polk also advised the initial purchasers in connection with a concurrent Rule 144A offering by NCL Corporation Ltd. (“NCLC”) of $862.5 million aggregate principal amount of its 6.000% exchangeable senior notes due 2024 (including $112.5 million aggregate principal amount of exchangeable notes issued in connection with the full exercise by the initial purchasers of their option to purchase additional exchangeable notes).

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 Ida Araya-Brumskine, Ariel Rivera and Moses Farzan Nekou. The equity derivatives team included partner John M. Brandow, counsel Faisal Baloch and associates Stockton Bullitt and Lindsey B. Meyers-Perez. All member of the Davis Polk team are based in the New York office.