NCL Corporation Ltd., a subsidiary of Norwegian Cruise Line Holdings Ltd., has commenced a cash tender offer to purchase its outstanding 5.875% Senior Secured Notes due 2027 and 5.875% Senior Notes due 2026.
The Tender Offer is subject to certain conditions, including the consummation of a New Unsecured Notes Offering.
The Tender Offer will expire on September 12, 2025, and the applicable Tender Offer Consideration will be determined based on specified criteria.
Tender Offer Details
NCLC is offering to purchase its 2027 Notes and 2026 Notes through a cash tender offer.
Conditions and Expiration
The Tender Offer is subject to specific conditions and will expire on September 12, 2025, unless extended.
Tender Offer Consideration
The payment for validly tendered Notes will include accrued interest up to the Settlement Date.
- The Tender Offer provides an opportunity for Note holders to participate in a cash offer and potentially streamline NCLC's debt structure.
- The offering of New Unsecured Notes signals NCLC's strategic move to manage its debt obligations effectively.
The Debt Tender Offer by NCL Corporation Ltd. presents a significant opportunity for Note holders to participate in the offer and receive the applicable Tender Offer Consideration by the specified deadlines.