Reported Earlier, NCL Corporation Prices $315M 6.250% Senior Notes Due 2030, Plans To Redeem 2024 Notes
Portfolio Pulse from Benzinga Newsdesk
NCL Corporation has announced the pricing of $315 million in 6.250% Senior Notes due 2030, with plans to use the proceeds to redeem existing 2024 Senior Notes. The offering is expected to close on September 17, 2024.

September 04, 2024 | 7:31 am
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NCL Corporation is issuing $315M in 6.250% Senior Notes due 2030 to redeem its 2024 Senior Notes. This refinancing could improve the company's debt profile.
The issuance of new notes at a higher interest rate but longer maturity allows NCL Corporation to manage its debt obligations more effectively by extending the maturity profile. This move is likely to be seen positively by investors as it addresses upcoming debt maturities.
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