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Article: Norwegian Cruise Line Announces Proposed $450 Million Senior Secured Notes Offering and $750 Million New Revolving Credit Facility.
- Article from:
- Investment Weekly News
- Article date:
- November 14, 2009
CopyrightCOPYRIGHT 2009 NewsRX. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Norwegian Cruise Line (NCL Corporation Ltd. or the "Company") announced that it is proposing to issue $450 million aggregate principal amount of senior secured notes due 2016 (the "Notes") in a private offering (the "Offering") that is exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"). In connection with the Offering, the Company has received commitments for a new $750 million senior secured revolving credit facility (the "New Revolving Credit Facility"). The consummation of the Offering is expected to occur concurrently with the initial funding of the New Revolving Credit Facility. The Notes and New Revolving ...