MIAMI, Nov. 20, 2020 (GLOBE NEWSWIRE) — Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) (the “Firm”) introduced at present that it has closed its underwritten public providing of 40,000,000 atypical shares of the Firm (the “Providing”) at a worth to the general public of $20.80 per share. The Firm expects to make use of the web proceeds from the Providing for normal company functions.
Barclays and J.P. Morgan acted because the underwriters for the Providing.
The Providing was made below an computerized shelf registration assertion filed with the U.S. Securities and Alternate Fee (the “SEC”) on November 17, 2020. The Providing was made solely by the use of a prospectus complement and an accompanying base prospectus. A prospectus complement and accompanying base prospectus regarding the Providing have been filed with the SEC and can be found on the SEC’s web site at www.sec.gov, copies of which can be obtained by contacting Barclays Capital Inc., Consideration: Broadridge Monetary Options, 1155 Lengthy Island Avenue, Edgewood, NY 11717, phone: (888) 603-5847, or by emailing [email protected], or by contacting J.P. Morgan Securities LLC, Consideration: Broadridge Monetary Options, 1155 Lengthy Island Avenue, Edgewood, NY 11717, phone: (866) 803-9204, or by emailing [email protected].
This press launch shall not represent a proposal to promote or a solicitation of a proposal to purchase any safety and shall not represent a proposal, solicitation or sale in any jurisdiction by which such a proposal, solicitation or sale could be illegal previous to the registration and qualification below the securities legal guidelines of such state or jurisdiction.
About Norwegian Cruise Line Holdings Ltd.
Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) is a number one world cruise firm which operates the Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises manufacturers. With a mixed fleet of 28 ships with roughly 59,150 berths, these manufacturers provide itineraries to greater than 490 locations worldwide. The Firm has 9 further ships scheduled for supply via 2027.
Among the statements, estimates or projections contained on this press launch are “forward-looking statements” throughout the which means of the U.S. federal securities legal guidelines supposed to qualify for the secure harbor from legal responsibility established by the Non-public Securities Litigation Reform Act of 1995. All statements aside from statements of historic information contained on this press launch, together with, with out limitation, these concerning our enterprise technique, monetary place, outcomes of operations, plans, prospects, actions taken or methods being thought-about with respect to our liquidity place, valuation and value determinations of our belongings and targets of administration for future operations (together with these concerning anticipated fleet additions, our voluntary suspension, our potential to climate the impacts of the COVID-19 pandemic, our expectations concerning the resumption of cruise voyages and the timing for such resumption of cruise voyages, the implementation of and effectiveness of our well being and security protocols, operational place, demand for voyages, financing alternatives and extensions, and future price mitigation and money conservation efforts and efforts to scale back working bills and capital expenditures) are forward-looking statements. Many, however not all, of those statements might be discovered by on the lookout for phrases like “count on,” “anticipate,” “aim,” “challenge,” “plan,” “consider,” “search,” “will,” “might,” “forecast,” “estimate,” “intend,” “future” and comparable phrases. Ahead-looking statements don’t assure future efficiency and should contain dangers, uncertainties and different components which might trigger our precise outcomes, efficiency or achievements to vary materially from the long run outcomes, efficiency or achievements expressed or implied in these forward-looking statements. Examples of those dangers, uncertainties and different components embody, however usually are not restricted to, the affect of:
the unfold of epidemics, pandemics and viral outbreaks and particularly, the COVID-19 pandemic, together with its impact on the flexibility or need of individuals to journey (together with on cruises), that are anticipated to proceed to adversely affect our outcomes, operations, outlook, plans, objectives, progress, repute, money flows, liquidity, demand for voyages and share worth;
our potential to adjust to the U.S. Facilities for Illness Management and Prevention (“CDC”) Framework for Conditional Crusing Order and to in any other case develop enhanced well being and security protocols to adapt to the present pandemic surroundings’s distinctive challenges as soon as operations resume and to in any other case safely resume our operations when circumstances permit;
coordination and cooperation with the CDC, the federal authorities and world public well being authorities to take precautions to guard the well being, security and safety of visitors, crew and the communities visited and the implementation of any such precautions;
our potential to work with lenders and others or in any other case pursue choices to defer, renegotiate or refinance our current debt profile, near-term debt amortization, newbuild associated funds and different obligations and to work with bank card processors to fulfill present or potential future calls for for collateral on money superior from prospects regarding future cruises;
our potential future want for extra financing, which is probably not out there on favorable phrases, or in any respect, and could also be dilutive to current shareholders;
our indebtedness and restrictions within the agreements governing our indebtedness that require us to keep up minimal ranges of liquidity and in any other case restrict our flexibility in working our enterprise, together with the numerous portion of belongings which can be collateral below these agreements;
the accuracy of any value determinations of our belongings because of the affect of COVID-19 or in any other case;
our success in decreasing working bills and capital expenditures and the affect of any such reductions;
our visitors’ election to take money refunds in lieu of future cruise credit or the continuation of any developments regarding such election;
developments in, or adjustments to, future bookings and our potential to take future reservations and obtain deposits associated thereto;
the unavailability of ports of name;
future will increase within the worth of, or main adjustments or discount in, business airline providers;
opposed occasions impacting the safety of journey, equivalent to terrorist acts, armed battle and threats thereof, acts of piracy, and different worldwide occasions;
opposed incidents involving cruise ships;
opposed normal financial and associated components, equivalent to fluctuating or growing ranges of unemployment, underemployment and the volatility of gas costs, declines within the securities and actual property markets, and perceptions of those circumstances that lower the extent of disposable earnings of customers or client confidence;
any additional impairment of our logos, commerce names or goodwill;
breaches in knowledge safety or different disturbances to our data expertise and different networks or our precise or perceived failure to adjust to necessities concerning knowledge privateness and safety;
adjustments in gas costs and the kind of gas we’re permitted to make use of and/or different cruise working prices;
mechanical malfunctions and repairs, delays in our shipbuilding program, upkeep and refurbishments and the consolidation of certified shipyard services;
the dangers and elevated prices related to working internationally;
fluctuations in international forex alternate charges;
overcapacity in key markets or globally;
our enlargement into and investments in new markets;
our lack of ability to acquire enough insurance coverage protection;
pending or threatened litigation, investigations and enforcement actions;
volatility and disruptions within the world credit score and monetary markets, which can adversely have an effect on our potential to borrow and will improve our counterparty credit score dangers, together with these below our credit score services, derivatives, contingent obligations, insurance coverage contracts and new ship progress cost ensures;
our lack of ability to recruit or retain certified personnel or the lack of key personnel or worker relations points;
our reliance on third events to supply lodge administration providers for sure ships and sure different providers;
our lack of ability to maintain tempo with developments in expertise;
adjustments involving the tax and environmental regulatory regimes by which we function; and
different components set forth below “Threat Components” in our Annual Report on Type 10-Okay for the yr ended December 31, 2019, filed with the SEC on February 27, 2020, as up to date by our Present Report on Type 8-Okay filed on July 8, 2020, and our Quarterly Report on Type 10-Q for the three and 9 months ended September 30, 2020.
Moreover, many of those dangers and uncertainties are at the moment amplified by and can proceed to be amplified by, or sooner or later could also be amplified by, the COVID-19 pandemic. It’s not potential to foretell or determine all such dangers. There could also be further dangers that we contemplate immaterial or that are unknown.
The above examples usually are not exhaustive and new dangers emerge sometimes. Such forward-looking statements are primarily based on our present beliefs, assumptions, expectations, estimates and projections concerning our current and future enterprise methods and the surroundings by which we count on to function sooner or later. These forward-looking statements communicate solely as of the date made.
We expressly disclaim any obligation or endeavor to launch publicly any updates or revisions to any forward-looking assertion to mirror any change in our expectations with regard thereto or any change of occasions, circumstances or circumstances on which any such assertion was primarily based, besides as required by legislation.