Kirkland & Ellis advised Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH), a leading global cruise company, on its successful procurement of over $2 billion of additional liquidity in response to impacts of the COVID-19 global pandemic on the company and the cruise industry. The transactions include gross proceeds of $2.225 billion ($2.4 billion if the underwriters exercise their full overallotment options) and were significantly oversubscribed. The transactions consisted of (1) $400 million public offering of common equity, (2) $750 million exchangeable senior notes offering, (3) $675 million senior secured notes offering and (4) $400 million private investment from global consumer-focused private equity firm L Catterton.
Read the press release from Norwegian Cruise Line Holdings Ltd.
The Kirkland team was led by transactional partner Sophia Hudson, and included transactional partners Eric Schiele and Jonathan Davis and associate Zoey Hitzert; debt finance partners Melissa Hutson and Kirsten Derhaag; and transactional partner Maggie Flores.
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