NCL Corporation Ltd. Announces Upsizing and Pricing of $1,300.0 Million of Exchangeable Notes
1. NCLH priced $1.3 billion of exchangeable senior notes due 2030. 2. Proceeds will repurchase approximately $1.4 billion of older exchangeable notes. 3. Initial exchange price set at $34.34, a 40% premium. 4. The transactions will essentially neutralize NCLH's leverage. 5. Shares outstanding expected to decrease by approximately 38.1 million.