mdsgu Posted April 21, 2020 #1 Share Posted April 21, 2020 Anyone else see it as a bad sign that NCL has contracted with Goldman Sachs to explore alternative financing options? Read that yesterday..... Link to comment Share on other sites More sharing options...
Rare ColeThornton Posted April 21, 2020 #2 Share Posted April 21, 2020 No. Their responsibility to stockholders is to explore all options available. Key word at this point is "explore". Link to comment Share on other sites More sharing options...
buckeyefrank Posted April 21, 2020 #3 Share Posted April 21, 2020 Depends on what you mean by bad sign. Bad sign as in we won't cruise again soon, or bad sign, ncl is going under? I see it more of a sign that NCL understands they won't be cruising for a period of time and need to secure cash for the cancellations that are inevitable. 1 Link to comment Share on other sites More sharing options...
Formula280SS Posted April 21, 2020 #4 Share Posted April 21, 2020 (edited) 3 hours ago, mdsgu said: Anyone else see it as a bad sign that NCL has contracted with Goldman Sachs to explore alternative financing options? Read that yesterday..... Really bad IMO. Really, really poor choice and a sign of total desperation. A chance at a PIPE deal for equity will dilute shareholders, worse if it is high interest convertible debt, and if deemed a Change in Control, all of the existing debt instruments (with favorable rates and terms) are "off the table" at the discretion of the lenders; big banks (then new terms and conditions; i.e., and rates). Double trouble. A deal with a large sovereign fund or government pension fund (with ship builders in country) would be best; but none really in such Western countries. Wouldn't it be a beneficial cause and effect travesty if it was the China Investment Corporation picking up the cruise line for 10-20 cents on the dollar 'pre-COVID 19? Edited April 21, 2020 by Formula280SS Link to comment Share on other sites More sharing options...
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