Norwegian Cruise Line (NCLH) has issued an announcement.
NCL Corporation Ltd., under Norwegian Cruise Line Holdings Ltd., has solidified its financial strategy by amending its existing commitment with Apollo Global Management, securing an option to sell up to $650 million in senior unsecured notes. This deal, effective through March 2025, offers financial flexibility alongside a recent S&P credit rating boost to B+ for NCLC. Following the repurchase and cancellation of previously issued secured notes, the company anticipates stronger credit metrics driven by expected revenue and EBITDA growth in a return to normal operations.
For a thorough assessment of NCLH stock, go to TipRanks’ Stock Analysis page.
