MIAMI, July 16, 2020 (GLOBE NEWSWIRE) -- NCL Corporation Ltd., a subsidiary of Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH), announced today that it is proposing to sell $675 million aggregate principal amount of its senior secured notes due 2026 in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended. The Secured Notes and certain of the related guarantees will be secured by a first-priority interest in, among other things and subject to certain agreed security principles, one of our vessels.

NCLC is also proposing to sell $250 million aggregate principal amount of its exchangeable senior notes due 2025 in a private offering that is exempt from the registration requirements of the Securities Act. NCLC intends to grant the initial purchasers of the Exchangeable Notes an option to purchase, during a 13-day period beginning on, and including, the first day on which the Exchangeable Notes are issued, up to an additional $37.5 million aggregate principal amount of Exchangeable Notes.