Norwegian Cruise Line Holdings’ $750 Million Senior Secured Notes Offering

Davis Polk also advised the representative of the initial purchasers in connection with the offering.

NCL Corporation Ltd. (“NCLC”) completed the offering of $750 million aggregate principal amount of its 10.250% senior secured notes due 2026.

J.P. Morgan Securities LLC, Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, Barclays Capital Inc., Mizuho Securities USA LLC, UBS Securities LLC, BNP Paribas Securities Corp., Credit Agricole Securities (USA) Inc., HSBC Securities (USA) Inc., and SG Americas Securities, LLC acted as underwriters for the offering.

Norwegian Cruise Line Holdings Ltd. (“NCLH”) is a leading global cruise company that operates 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. NCLC is a subsidiary of NCLH. NCLH’s shares are traded on the New York Stock Exchange.

The Davis Polk capital markets team advising the underwriters included partner John B. Meade (Picture), counsel Jeffrey S. Ramsay and associates Yoojin Nairn-Kim, Moses Farzan Nekou and Christine Choi. The finance team included counsel Mayer J. Steinman and associates Ao Chen and Ariella R. Pultman. Partner Po Sit and associate Erin van Wesenbeeck provided U.S. tax advice.

Involved fees earner: Ao Chen – Davis Polk & Wardwell; Christine Choi – Davis Polk & Wardwell; Moses Farzan Nekou – Davis Polk & Wardwell; John Meade – Davis Polk & Wardwell; Yoojin Nairn-Kim – Davis Polk & Wardwell; Ariella Pultman – Davis Polk & Wardwell; Jeffrey Ramsay – Davis Polk & Wardwell; Po Sit – Davis Polk & Wardwell; Mayer Steinman – Davis Polk & Wardwell; Erin van Wesenbeeck – Davis Polk & Wardwell;

Law Firms: Davis Polk & Wardwell;

Clients: Barclays Capital ; BNP Paribas Securities; Citigroup Global Markets Ltd; Credit Agricole Securities (USA) Inc.; Goldman Sachs & Co.; HSBC Securities; J.P. Morgan Securities LLC; Mizuho Securities; SG Americas Securities LLC; UBS Securities LLC;

Author: Ambrogio Visconti