NCL Issues $250M Stock Offer

[PelicanBill]

Hmmm.  If anyone finds discussion from analysts on this move announced today please post a link.

 

https://www.marketwatch.com/story/norwegian-cruise-line-to-offer-250-million-of-shares-in-syndicated-deal-2020-07-16

 

"Norwegian shares fell 4.5% premarket on the news, and are down 68% in the year to date"

[ColeThornton]

Thanks Bill, Just FYI, there is already a long thread on NCL stock and today's happenings located just a few threads down.   Link:

 

 

Edited July 16, 2020 by ColeThornton

[njhorseman]

Also new debt offering today. $675 million senior secured notes to repay a previous $675 million revolving credit facility and an additional $250 million exchangeable senior unsecured notes.

 

https://seekingalpha.com/news/3591742-norwegian-cruise-line-subsidiary-launches-debt-offering

[roger001]

And seeking more money to survive. 
 

https://apple.news/AoaIDhu6TSFCCMGTPByWWtQ

 

And the no sail officially extended through Sept. 

 

https://apple.news/AxzkjHRSrSTm7F888cvqfjw

Edited July 16, 2020 by roger001

[njhorseman]

47 minutes ago, roger001 said:

And seeking more money to survive. 
 

https://apple.news/AoaIDhu6TSFCCMGTPByWWtQ

 

And the no sail officially extended through Sept. 

 

https://apple.news/AxzkjHRSrSTm7F888cvqfjw

No, they are not seeking more money to survive at this time.

 

 The $1.175 billion consists of the offerings already covered in this thread, the $250 million dollar stock issue, the $675 million senior secured notes and the $250 million exchangeable senior unsecured notes.The $675 million senior secured notes do not even add any money to NCL's cash reserve...they are being used to repay and replace a previous $675 million revolving credit facility. $675 million out...$675 million in...net $0.

 

The total new money being raised is $500 million consisting of the $250 million stock issue and the $250 million exchangeable senior unsecured notes.

[roger001]

9 minutes ago, njhorseman said:

No, they are not seeking more money to survive at this time.

 

 The $1.175 billion consists of the offerings already covered in this thread, the $250 million dollar stock issue, the $675 million senior secured notes and the $250 million exchangeable senior unsecured notes.The $675 million senior secured notes do not even add any money to NCL's cash reserve...they are being used to repay and replace a previous $675 million revolving credit facility. $675 million out...$675 million in...net $0.

 

The total new money being raised is $500 million consisting of the $250 million stock issue and the $250 million exchangeable senior unsecured notes.

It all exceeds my pay grade.......