MIAMI, Nov. 22, 2021 (GLOBE NEWSWIRE) -- Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) (the “Company”) announced today that it has closed on a series of related balance sheet and cash flow optimization transactions initiated last week. The net result of these strategic transactions is significantly favorable for the Company and its shareholders as it reduces annual interest expense, lowers leverage, extends the Company’s debt maturity profile and increases its liquidity. A key benefit of these related transactions is that assuming the newly issued 1.125% exchangeable senior notes due 2027 (the “2027 Exchangeable Notes”) are settled entirely in cash, at the Company’s election, the Company will benefit from a net reduction in its diluted shares outstanding of approximately 5.2 million shares.
Norwegian Cruise Line Holdings Ltd. Completes Strategic Balance Sheet Optimization Transactions
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