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Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) is a leading global cruise company that operates some of the most recognized brands in cruise travel: Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises. With a fleet of 32 ships and approximately 66,500 berths, the company offers diverse itineraries to nearly 700 destinations worldwide. Over its 48-year history, Norwegian Cruise Line has introduced freestyle cruising, a concept that gives guests greater flexibility and transformed the cruise industry.
Operations and Fleet
Norwegian Cruise Line operates 13 purpose-built freestyle cruising ships, providing guests with a relaxed, resort-style vacation on contemporary ships. Oceania Cruises is renowned for its culinary and destination-focused experiences on eight small, luxurious ships. Regent Seven Seas Cruises offer all-inclusive, ultra-luxury voyages on five elegant ships. The company plans to introduce 13 additional ships across its brands by 2036, adding approximately 41,000 berths to its capacity.
Achievements and Recent Projects
Norwegian Cruise Line has been recognized as “Europe’s Leading Cruise Line” for seven consecutive years and “Caribbean’s Leading Cruise Line” three times by the World Travel Awards. The company recently added the Norwegian Getaway, a 4,000-passenger ship homeported year-round in Miami, featuring 28 dining options.
Oceania Cruises has announced a free pre-cruise hotel stay offer for select sailings through late 2024 and 2025, enhancing guest convenience and enriching their travel experience. Additionally, Oceania introduced celebrated Chef Giada De Laurentiis as its Brand and Culinary Ambassador, further solidifying its commitment to offering The Finest Cuisine at Sea®.
Financial and Strategic Developments
Norwegian Cruise Line Holdings has a disciplined multi-year de-leveraging plan and strategic initiatives focusing on fleet expansion and sustainability. The company’s latest initiative, the “Charting the Course” strategy, aims to enhance shareholder returns by improving guest experiences, capitalizing on high-growth opportunities, and driving operational excellence.
In 2024, the company is increasing its financial guidance, expecting Net Yield growth from 6.4% to 7.2%, Adjusted EBITDA from $2.25 billion to $2.30 billion, and Adjusted EPS from $1.32 to $1.42. The company continues to focus on sustainability with initiatives to reduce greenhouse gas emissions and advance towards decarbonization.
Partnership with Fincantieri will see the construction of eight new transformational ships across its brands, emphasizing innovation, efficiency, and sustainability. Additionally, infrastructure enhancements are planned for Great Stirrup Cay, the company’s private island in the Bahamas, to accommodate increased capacity and enhance guest experience.
Conclusion
Norwegian Cruise Line Holdings Ltd. remains a pivotal player in the cruise industry, known for its innovative approach and commitment to providing exceptional vacation experiences. As the company expands its fleet and enhances its offerings, it continues to set industry standards for luxury, sustainability, and guest satisfaction.
Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) announced an extension of its suspension of all global cruise voyages through June 30, 2021. This decision affects voyages for Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises, as the company works towards compliance with the CDC’s Framework for Conditional Sailing Order. The company is focused on ensuring safety for guests and crew while coordinating with global health authorities. Guests impacted by cancellations are advised to contact their travel advisors for more information.
Norwegian Cruise Line Holdings has successfully completed a public offering of 52,577,947 ordinary shares, including 5,000,000 shares purchased by underwriters at $30.00 per share. This offering will help fund general corporate purposes. Goldman Sachs acted as the sole underwriter. The offering is part of an automatic shelf registration statement filed with the SEC on November 17, 2020. This press release clarifies that it does not constitute an offer to sell or buy securities in jurisdictions where such offers would be illegal.
Norwegian Cruise Line Holdings Ltd. (NCLH) has successfully completed its public offering of 47,577,947 ordinary shares priced at $30.00 per share. The underwriter has the option to acquire an additional 5,000,000 shares. The net proceeds from this offering will primarily be directed towards repurchasing exchangeable senior notes due 2026 held by an affiliate of L Catterton. Remaining proceeds will be allocated for general corporate purposes. Goldman Sachs served as the sole underwriter, with the offering conducted under the SEC’s automatic shelf registration.
Norwegian Cruise Line Holdings (NYSE: NCLH) announced the pricing of its public offering of 47,577,947 ordinary shares at $30.00 each, expected to close on March 9, 2021. An underwriter option allows for the purchase of an additional 5,000,000 shares. The net proceeds will be used to repurchase exchangeable senior notes due 2026 from NCL Corporation, with remaining funds allocated for general corporate purposes. Goldman Sachs is the sole underwriter, and the offering is registered with the SEC.
Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) has initiated a public offering of 47,577,947 ordinary shares, with an option for the underwriter to purchase an additional 5,000,000 shares. The proceeds will primarily be used to repurchase exchangeable senior notes due 2026 held by an affiliate of L Catterton, with any remaining funds allocated for general corporate purposes. Goldman Sachs & Co. LLC is the sole underwriter. The offering is being made under an automatic shelf registration statement filed with the SEC.
NCL Corporation Ltd. announced the closure of a private offering totaling $1.1 billion in Senior Notes. This includes $575 million in 5.875% Senior Notes due 2026 and $525 million in 6.125% Senior Notes due 2028. The proceeds will be used to repay senior secured credit facilities and for general corporate purposes. The offerings were aimed at qualified institutional buyers under Rule 144A and are not registered under the Securities Act. The company emphasizes forward-looking statements concerning its financial strategy and the ongoing impact of the COVID-19 pandemic.
NCL Corporation Ltd. has priced $575 million in 5.875% Senior Notes due 2026 and $525 million in 6.125% Senior Notes due 2028. The Notes will close on March 3, 2021, and will be used to repay outstanding amounts under senior secured credit facilities and for general corporate purposes. The offerings are private and exempt from registration under the Securities Act. Both Notes will be guaranteed by NCLC and its subsidiaries on a senior unsecured basis.
NCL Corporation Ltd., a subsidiary of Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH), is proposing to sell $550 million in 5.875% Senior Notes due 2026 and $550 million in senior notes due 2028 in a private offering. These offerings are part of an effort to repay existing secured credit facilities and support general corporate purposes. The notes will not be registered under the Securities Act, reflecting the company's strategy to enhance financial flexibility amidst ongoing pandemic-related challenges.
Norwegian Cruise Line Holdings reported its Q4 and full-year 2020 results, highlighting a significant GAAP net loss of $(4.0) billion and revenue decline of 80.2% to $1.3 billion due to COVID-19 impacts. The company had $3.3 billion in cash and total debt of $11.8 billion as of December 31, 2020. Booking volumes remain below historical levels, but future cruise demand is recovering, especially for 2022. The company’s proactive measures have raised $1.7 billion in funding to improve liquidity and mitigate operational impacts.
Oceania Cruises has unveiled its 2022-2023 Tropics and Exotics Collection, featuring 127 new voyages available for sale from March 3, 2021. This collection offers itineraries ranging from 7 to 77 days, including 272 ports of call and 284 overnight stays. Notable highlights include voyages to Antarctica, expanded Caribbean offerings from various embarkation ports, and immersive experiences in Asia and Africa. The demand from travelers has surged, especially following the success of the 2023 Around the World cruise.
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