What changed
NCL Corporation Ltd. is proposing to sell $750.0 million aggregate principal amount of senior notes due 2031 in a private offering. Net proceeds, together with cash on hand, will redeem all outstanding 6.125% Senior Notes due 2028 issued by NCL Finance, Ltd., repay approximately $176.3 million under NCLC's existing senior secured revolving loan facility, and prepay approximately $42.2 million under export-credit backed financing facilities, plus accrued interest, premiums, fees and expenses. The 2028 notes redemption is conditioned on consummation of the offering.
Why it matters
NCL Corporation Ltd. is proposing to sell $750.0 million aggregate principal amount of senior notes due 2031 in a private offering. Net proceeds, together with cash on hand, will redeem all outstandin