MIAMI, July 16, 2020 (GLOBE NEWSWIRE) – Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) (the “Company”) announced today that it has set the price for its public offering of 16,666,667 common shares of the Company (the “Offer”) at the public price $ 15.00 per share. The Company has granted the underwriters an option to purchase up to 2,500,000 additional common shares, which option 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 plans to use the net proceeds of the offering for general business purposes.
JP Morgan, Citigroup, Goldman Sachs & Co. LLC, Barclays, Mizuho Securities and UBS Investment Bank act as joint account managers for the offering.
The Offering is made pursuant to an Automatic Pre-Registration Declaration filed with the United States Securities and Exchange Commission (“SEC”) on May 5, 2020. The Offering can only be made by means of a prospectus supplement and accompanying base prospectus. A preliminary prospectus supplement and the accompanying base prospectus relating to the offering have been filed and a final prospectus supplement will be filed with the SEC and will be available on the SEC’s website at www.sec. gov, copies of which can be obtained from contacting JP Morgan Securities LLC, Attn: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, phone: 866) 803-9204, or by sending an email to [email protected]
This press release must not constitute an offer to sell or a solicitation of an offer to buy securities and must not constitute an offer, solicitation or sale in a jurisdiction in which such an offer, solicitation or sale would be 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 world leader in cruises operating the Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises brands. With a combined fleet of 28 ships with around 59,150 seats, these brands offer routes to more than 490 destinations worldwide. The company will introduce nine additional vessels until 2027.
Caution Regarding 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 designed to evade liability established by the Private Securities Litigation Reform Act of 1995. All of the statements other than statements of historical fact contained in this press release, including, but not limited to, those relating to our business strategy, financial condition, results of operations, plans, prospects, actions taken or the strategies envisaged with regard to our liquidity situation, our assessment and evaluations of our assets and management objectives for future operations (including those concerning expected fleet additions, our voluntary suspension, our ability to resist the impacts of the COVID-19 pandemic, operational position, travel demand, opp funding opportunities and extensions, and the future of cost-cutting and money-saving efforts and efforts to reduce spending and capital spending) are forward-looking statements. Many, but not all, of these statements can be found by searching for words like “expect”, “anticipate”, “goal”, “project”, “plan”, “believe”, “seek”, “want”, ” »May,” “forecast” “,” estimate “,” intention “,” future “and similar words. Forward-looking statements are not guarantees of future performance and may involve risks, uncertainties and other factors that could cause our actual results, performance or achievements to differ materially from future results, performance or achievements expressed or implied in these 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 epidemics and more particularly, the epidemic of COVID-19, including its effects on the ability or desire to travel (including on cruises), which are expected to continue have a negative impact on our results, operations, prospects, plans, objectives, growth, reputation, cash flow, liquidity, travel demand and stock market 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 to otherwise safely resume operations when conditions permit;
- coordination and cooperation with the Centers for Disease Control and Prevention, the federal government and global public health authorities to take precautions to protect the health and safety of guests, crew and communities visited and the implementation such precautions;
- the accuracy of any valuation of our assets resulting from the impact of COVID-19 or otherwise;
- our success in reducing operating and capital expenditures and the impact of such reductions;
- the choice of our guests to take cash refunds instead of future cruise credits or the continuation of any trend related to this choice;
- trends or changes in future bookings and our ability to take future bookings and receive related deposits;
- unavailability of ports of call;
- future increases in the price of, or major changes to, or reduction in commercial air services;
- our ability to work with lenders and others or to seek other options to defer or refinance our existing debt profile, amortization of short-term debt, payments for new construction and other obligations and to work with credit card processors to meet current or potential demands for guarantees on customer cash advances for future cruises;
- adverse events affecting travel security, such as acts of terrorism, armed conflicts and their threats, acts of piracy and other international events;
- undesirable incidents involving cruise ships;
- unfavorable general economic factors and related factors, such as fluctuating or increasing unemployment levels, underemployment and volatility in fuel prices, the decline in and perception of the securities and real estate markets conditions that lower the level of consumer disposable income or consumer confidence;
- our future potential need for additional funding, which may not be available on favorable terms, or not at all, and may be dilutive for existing shareholders;
- any other degradation of our brands, trade names or goodwill;
- data security breaches or other disruptions to our information technology and other networks or our actual or perceived non-compliance with privacy and data protection requirements;
- changes in fuel prices and the type of fuel we are permitted to use and / or other cruise operating costs;
- mechanical malfunctions and repairs, delays in our shipbuilding program, maintenance and renovation and consolidation of qualified shipyards;
- the increased risks and costs associated with international operations;
- fluctuations in currency exchange rates;
- overcapacity in key markets or worldwide;
- our expansion and investments in new markets;
- our inability to obtain adequate insurance coverage;
- our indebtedness and restrictions in our debt agreements that require us to maintain minimum liquidity levels and otherwise limit our flexibility in operating our business, including the substantial portion of the assets that are guaranteed under these agreements ;
- pending or threatened litigation, investigations and coercive measures;
- volatility and disruptions in the global credit and financial markets, which may affect our ability to borrow and could increase our counterparty credit risks, including those related to our credit facilities, derivatives, contingent obligations, credit contracts ‘insurance and new progressive payment guarantees for ships;
- our inability to recruit or retain qualified personnel or the loss of key personnel or employee relations problems;
- our dependence on third parties to provide hotel management services for certain ships and certain other services;
- our inability to keep pace with technological developments;
- changes involving the tax and environmental regulatory regimes in which we operate; and
- other factors set out under “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 quarter ended March 31, 2020.
In addition, many of these risks and uncertainties are currently magnified by and will continue to be magnified by, or in the future may be magnified by, the COVID-19 epidemic. It is not possible to predict or identify all of these risks. There may be additional risks which we consider to be negligible or unknown.
The above examples are not exhaustive and new risks emerge from time to time. These 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 are only valid on the date of their formulation.
We expressly disclaim any obligation or commitment to publicly publish any update or revision of any forward-looking statement in order to reflect any change in our expectations in this regard or any change in the events, conditions or circumstances on which such a statement was based , unless required by law.
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