Norwegian Cruise Line Holdings announced today that it is proposing to sell $500.0 million aggregate principal amount of its senior secured notes due 2028 in a private offering.
The Notes and the related guarantees will be secured by first-priority interests in, among other things and subject to certain agreed security principles, thirteen of the company’s vessels that also secure its senior secured credit facility.
The company said the Notes will be guaranteed by subsidiaries that own the vessels that will secure the Notes.
“We intend to use the net proceeds from the Notes Offering to repay a portion of the term loans outstanding under our senior secured credit facility that will become due in January 2024, including to pay any accrued and unpaid interest thereon, as well as related premiums, fees and expenses,” the company said in a filing.
Norwegian Cruise Line has commemorated the debut of its all-new Norwegian Prima, and the brand’s first-ever voyage from Galveston, Texas, with an exclusive concert by artist Kelly Clarkson, according to a press release.
The ship also served as the special venue for this year’s Norwegian’s Giving Joy awards ceremony, during which Norwegian Cruise Line and Clarkson recognized 100 teachers with a free cruise and nearly $170,000 for the top three Grand Prize winners and their schools.
“It was such an honour to celebrate the 100 deserving winners of Norwegian’s Giving Joy program at Norwegian Prima’s inaugural sailing, which embarked from my home state of Texas!,” said Clarkson. “Teachers are our true everyday unsung heroes, and they play an integral role in our society, not only shaping the future of their students but the future of their communities as well. I couldn’t miss the opportunity to participate in this program and give a special performance before they set sail on the trip of a lifetime.”
Norwegian’s Giving Joy is a month-long campaign launched during National Teacher Appreciation Week (May 2 – 6, 2022) to recognize deserving educators for their unwavering commitment to bringing joy to the classroom.
To celebrate these incredible individuals, and their often-times undervalued profession, as well as to kick off Norwegian Prima’s first voyage from the Lone Star State, Norwegian Cruise Line hosted a showstopping award celebration. Special guests included NCL President and CEO Harry Sommer; Norwegian Bliss Godfather Elvis Duran, American radio personality and host of “Elvis Duran and the Morning Show;” and superstar and godmother to Norwegian Encore, Kelly Clarkson, who delivered a stellar performance of her chart-topping hits including “Miss Independent,” “Stronger,” and “Since You’ve Been Gone.”
To conclude the Norwegian’s Giving Joy Award Ceremony, Sommer, unveiled the top three Grand Prize winners who received the most votes, awarding them with donations for their schools.
The Grand Prize winners are:
Patricia Hosmer from Bayonne High School in Bayonne, N.J. ($25,000)
Theresa Schrager from Falcon Cove Middle School, Fla. ($15,000)
Anthony Stirpe from New Rochelle High School in New Rochelle, N.Y. ($10,000)
In addition to the expected donations to their schools, each of the Grand Prize winners received a big surprise – nearly $40,000 each in prize money thanks to Norwegian Cruise Line partners.
The Norwegian Escape is resuming service today in Civitavecchia, Italy. After spending most of September at a drydock in France, the vessel is welcoming guests for the final part of its 2022 season in the Eastern Mediterranean.
The program, which started in May, includes nine- to 11-night cruises to popular destinations in Greece, Malta, Italy and France.
The Oct. 12 departure, for instance, sails to Livorno, Naples, Messina, Valletta, Corfu, Piraeus and Santorini before returning to Civitavecchia.
Following an incident that took place earlier this year, the drydock period was confirmed by Norwegian Cruise Line in June.
The Norwegian Escape is set to return to North America following its European cruise program.
In November, the ship offers a trans-Atlantic crossing to New York City before kicking off a season in the Caribbean.
Highlighted by a visit to the Azores Archipelago, the 16-night voyage includes calls in Italy, France, Spain, Portugal and the United States.
Continuing its winter program, the 4,200-guest vessel launches a series of week-long Eastern Caribbean cruises on November 19.
Departing from Port Canaveral, the regular itineraries sail to the Dominican Republic and the U.S. Virgin Islands. Before returning to its Florida homeport, the vessel also visits the British Virgin Islands and the Bahamas.
Part of the Breakaway-Plus Class, the Norwegian Escape originally entered service in 2015. After nearly two years out of service due to the COVID-19 pandemic, the vessel resumed revenue operations in late 2021.
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