: Norwegian Cruise to offer $500 million of five-year bonds with proceeds earmarked for paying down debt

Norwegian Cruise Line Holdings Ltd. NCLH said Thursday it is proposing to offer $500 million of senior secured bonds that mature in 2028 in a private offering. Proceeds will be used to repay term loans and a senior secured credit facility that matures in January of 2024. The bonds will be backed by interests in 13 of the company’s vessels. The stock was down 2.5% premarket and has fallen 27% in the last 12 months, while the S&P 500 SPX has fallen 13%.

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