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>

<< Feb 2019 >>
MTWTFSS
28 29 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 1 2 3

FPSO Brazil Congress 2019

Charging ahead with 24 planned orders by 2022, Brazil has once again solidified its status as one of the world’s foremost oil and gas leaders…

read more >

2nd CWC Japan LNG & Gas Summit

The highly successful CWC Japan LNG & Gas Summit returns for a second year…

read more >

GREENTECH IN SHIPPING GLOBAL FORUM

The mindset of sustainability and efficiency is the key to unlocking successful business…

read more >

LNG2019

LNG2019 features the largest number and highest level of LNG industry leaders.

read more >