NCL Owners to Raise USD 962 Mn by Selling Shares

Norwegian BlissImage Courtesy: Norwegian Cruise Line

The owners of Miami-based cruise company Norwegian Cruise Line are looking to raise up to USD 962.7 million through a public offering.

The previously announced secondary public offering of over 18.8 million of ordinary shares by certain funds affiliated with Apollo Global Management and Star NCLC Holdings.

The offering, which was priced at USD 51 per ordinary share, is expected to close on or about December 3, 2018, subject to customary closing conditions. Norwegian did not sell any ordinary shares in the offering and will not receive any of the proceeds from the offering.

Concurrently with and subject to completion of the offering, Norwegian has agreed to repurchase from the underwriter ordinary shares that are being sold by the selling shareholders in the offering having an aggregate purchase price of USD 85 million at a price per share equal to the price per share. The share repurchase is part of Norwegian’s existing USD 1 billion share repurchase program.

The company informed that a registration statement relating to Norwegian’s ordinary shares was previously filed with the SEC and became effective upon filing.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Apr 2020 >>
MTWTFSS
30 31 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 1 2 3

Seawork 2020

Seawork is Europe’s leading commercial marine and workboat exhibition, providing businesses the opportunity…

read more >

Belgian Offshore Days 2020

During this event, a conference will be held with focus on “Increasing value by data driven innovation…

read more >

World Future Ports Summit 2020

This event will bring together ports and maritime shipping professionals from global leading companies and authorities to discuss recent digital technologies…

read more >

Europort Romania

Europort Romania is the premier maritime networking event of the Black Sea and will connect maritime technology and service suppliers with high level professionals from Romania and surrounding shipbuilding markets.

More info

read more >