MIAMI, July 21, 2020 (GLOBE NEWSWIRE) -- NCL Corporation Ltd. a subsidiary of Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH), announced today that it has closed its previously announced private offering of $750 million aggregate principal amount of its 10.250% senior secured notes due 2026. 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 expects to use the net proceeds from the offering of the Secured Notes to repay its $675 million senior secured revolving credit facility and to pay any related transaction fees and expenses, with the remainder of the net proceeds to be used for general corporate purposes.

NCLC has also closed its previously announced private offering of $400 million aggregate principal amount of its 5.375% exchangeable senior notes due 2025 (the “Exchangeable Notes”). NCLC has granted the initial purchasers of the Exchangeable Notes an option to purchase, on or before August 2, 2020, up to an additional $60 million aggregate principal amount of Exchangeable Notes. NCLC expects to use the net proceeds from the offering of the Exchangeable Notes for general corporate purposes.