MIAMI, July 16, 2020 (GLOBE NEWSWIRE) – Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) (the “Company”) announced today that it has valued its subscribed public offering of 16,666,667 ordinary shares of the Company (the ” Offer “) at a public price of $ 15.00 per share. The Company has granted subscribers an option to purchase up to 2,500,000 additional common shares, an option that must be exercised on or before August 17, 2020.
The Offer is expected to close on July 21, 2020, subject to customary closing conditions. The Company expects to use the net proceeds of the Offering for general corporate purposes.
JP Morgan, Citigroup, Goldman Sachs & Co. LLC, Barclays, Mizuho Securities and UBS Investment Bank are acting as joint book managers for the Offering.
The Offer is made pursuant to an automatic shelf registration statement filed with the United States Securities and Exchange Commission (“SEC”) on May 5, 2020. The Offer may only be made through a prospectus supplement and an attached base prospectus. A preliminary prospectus supplement and accompanying base prospectus have been filed in connection with the Offering, and a final prospectus supplement will be filed with the SEC and will be available on the SEC website at www.sec.gov, copies of which can be obtained by contacting JP Morgan Securities LLC, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, telephone: 866) 803-9204, or by sending an email to [email protected] .
This press release shall not constitute an offer to sell or a request for an offer to purchase securities and shall not constitute an offer, request or sale in any jurisdiction in which such offer, request or sale is illegal prior to registration and qualification under the securities laws of that state or jurisdiction.
About Norwegian Cruise Line Holdings Ltd.
Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) is a leading global cruise company operating the Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises brands. With a combined fleet of 28 ships with approximately 59,150 berths, these brands offer itineraries to more than 490 destinations worldwide. The company will present nine additional ships through 2027.
Precautionary statement on forward-looking statements
Some of the statements, estimates or projections contained in this press release are “forward-looking statements” within the meaning of the United States federal securities laws intended to qualify for the Safe Harbor of Liability established by the United States Litigation Reform Act. 1995 Private Securities. All statements other than statements of historical fact contained in this press release, including but not limited to our business strategy, financial position, results of operations, plans, prospects, actions taken, or strategies considered with Regarding our liquidity position, valuation and evaluations of our assets and management objectives for future operations (including those related to expected fleet additions, our voluntary suspension, our ability to withstand the impacts of the COVID-19 pandemic, the operating position, travel demand, opportunities s and financing extensions, and future Cost mitigation and cash conservation efforts and efforts to reduce ex-pensions and capital expenditures) are forward-looking statements. Many, but not all, of these statements can be found by searching for words like “wait”, “anticipate”, “goal”, “project”, “plan”, “believe”, “seek”, “will”, “may” , “forecast”, “estimate”, “intention”, “future” and similar words. Forward-looking statements do not guarantee future performance and may involve risks, uncertainties and other factors that could cause our actual results, performance or achievements to differ materially from the future results, performance or achievements expressed or implied in those forward-looking statements. Examples of these risks, uncertainties, and other factors include, but are not limited to, the impact of:
- the spread of epidemics, pandemics and viral outbreaks and specifically the COVID-19 outbreak, including its effect on people’s ability or desire to travel (including on cruise ships), which is expected to continue to adversely affect our results, operations and prospects, plans, goals, growth, reputation, cash flows, liquidity, travel demand, and stock prices;
- our ability to develop strategies to improve our health and safety protocols to adapt to the unique challenges of the current pandemic environment once operations resume and otherwise safely resume operations when conditions allow;
- Coordination and cooperation with the Centers for Disease Control and Prevention, the federal government, and global public health authorities to take precautions to protect and implement the health and safety of guests, crew, and communities visited precautions;
- the accuracy of any evaluation of our assets as a result of the impact of COVID-19 or otherwise;
- our success in reducing operating expenses and capital expenditures and the impact of such reductions;
- the choice of our guests to receive cash refunds in lieu of future cruise credits or the continuation of any trends related to that choice;
- trends or changes in future reserves and our ability to take future reservations and receive related deposits;
- the lack of availability of ports of call;
- future price increases or major changes or reductions in commercial airline services;
- our ability to work with lenders and others or otherwise seek options to defer or refinance our existing debt profile, short-term debt repayment, new construction related payments and other obligations, and work with credit card processors to satisfy current or future warranty claims. cash advance from clients in relation to future cruises;
- Adverse events that affect the security of the trip, such as terrorist acts, armed conflicts and threats thereof, acts of piracy and other international events;
- cruise related adverse incidents;
- Adverse economic and related factors in general, such as fluctuating or rising levels of unemployment, underemployment, and fuel price volatility, declines in the stock and real estate markets, and the perception of these conditions that decrease the level of disposable income of consumers or consumer confidence;
- our potential future need for additional financing, which may not be available on favorable terms, or at all, and may be dilutive to existing shareholders;
- any further deterioration of our trademarks, trade names or goodwill;
- Data security breaches or other disruptions to our information technology and other networks or our actual or perceived failure to comply with requirements related to privacy and data protection;
- changes in fuel prices and the type of fuel we are allowed to use and / or other operating costs of the cruise;
- mechanical failures and repairs, delays in our shipbuilding, maintenance and remodeling program and consolidation of qualified shipyard facilities;
- the risks and increased costs associated with the international operation;
- fluctuations in foreign currency exchange rates;
- overcapacity in key markets or globally;
- our expansion and investments in new markets;
- our inability to obtain adequate insurance coverage;
- our indebtedness and restrictions in the agreements that govern our indebtedness that force us to maintain minimum levels of liquidity and, otherwise, limit our flexibility in the operation of our business, including the significant part of the assets that are collateral under these agreements;
- pending or threatened litigation, investigations and coercive actions;
- volatility and disruptions in the global financial and credit markets, which can adversely affect our borrowing capacity and could increase our counterparty credit risks, including those under our credit lines, derivatives, contingent obligations, insurance contracts and new payment guarantees boarding advance;
- our inability to recruit or retain qualified personnel or the loss of key personnel or employee relationship problems;
- our dependence on third parties to provide hotel management services for certain ships and other services;
- our inability to keep up with technological advances;
- changes related to the fiscal and environmental regulatory regimes in which we operate; and
- other factors set forth in “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2019 and our Quarterly Report on Form 10-Q for the three months ended March 31, 2020 .
Furthermore, many of these risks and uncertainties are currently amplified and will continue to amplify, or may be amplified in the future, by the COVID-19 outbreak. It is not possible to predict or identify all of these risks. There may be additional risks that we consider to be immaterial or unknown.
The examples above are not exhaustive and new risks do arise from time to time. Such forward-looking statements are based on our current beliefs, assumptions, expectations, estimates and projections regarding our current and future business strategies and the environment in which we expect to operate in the future. These forward-looking statements only refer to the date they were made.
We expressly disclaim any obligation or commitment to publicly disclose any update or revision of any forward-looking statement to reflect any change in our expectations regarding this or any change in events, conditions or circumstances on which such statement was based, except where necessary. by law.
Investor relations and media contact
Andrea DeMarco
(305) 468-2339
[email protected]
Jessica John
(786) 913-2902
