The Rise and Fall of Air India: Interesting Facts to Know


NCL Corporation Ltd. Announces Upsizing and Pricing of $ 850,000,000 Senior Stocks

MIAMI, December 15, 2020 (GLOBE NEWSWIRE) – NCL Corporation Ltd. (“NCLC”), a subsidiary of Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) (“NCLH”), announced today that it is priced at $ 850 million in the aggregate principal amount of its senior notes of 5.875% maturing in 2026 (the “Notes”), which were offered in a private offering exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act” ). The total principal amount of the Notes to be issued has been increased to $ 850 million from the previously announced $ 500 million. The Notes will be guaranteed by some of NCLC’s subsidiaries on a senior unsecured basis. The offer of the Notes is expected to close on 18 December 2020, subject to customary closing conditions. NCLC plans to use the net proceeds from the offering for general business purposes. The Notes are offered only to persons reasonably deemed to qualify institutional purchasers under Rule 144A of the Securities Act and, outside the United States, only to persons who are not US Investors under Regulation S. The Notes will not be registered under the Securities Act or the securities laws of any other jurisdiction and may not be offered or sold in the United States without registration or an applicable exemption from the registration requirements of the Securities Act and applicable state laws. This press release will not constitute a offer to sell or a solicitation of an offer to purchase securities and will not constitute an offer, solicitation or sale in any jurisdiction where such offer, solicitation or sale would be illegal. This press release is issued pursuant to and in accordance with Rule 135c under the Securities Act. Cautionary Statement Regarding Forward-Looking Statements Some of the statements, estimates or projections contained in this press release are “forward-looking statements” within the meaning of the Federal Laws. US on securities intended to qualify for safe harbor under the liability set forth in the Private Securities Litigation Reform Act of 1995. All statements other than historical factual statements contained in this press release, including, without limitation, those regarding our corporate, financial strategy position, results of operations, plans, perspectives, actions taken or strategies taken into account with respect to our liquidity position, evaluation and estimation of our assets and management objectives for future operations (including those regarding planned additions to the fleet, our sos voluntary retirement, our ability to resist the impacts of the COVID-19 pandemic, our expectations of actions regarding the resumption of cruise travel and the timing for such resumption of cruise travel, the implementation and effectiveness of our health protocols and safety, operational location, travel demand, funding opportunities and extensions, future cost mitigation and cash conservation efforts and efforts to reduce operating expenses and capital expenditures) are forward-looking statements. Many, but not all, of these statements can be found by searching for words such as “expect”, “anticipate”, “goal”, “plan”, “plan”, “believe”, “seek”, “will”, “can,” “forecast”, “estimate”, “intention”, “future” and similar words. Forward-looking statements do not guarantee future performance and may involve risks, uncertainties and other factors that could cause our actual results, performance or results to differ materially from future results, performance or results expressed or implied in such forward-looking statements. Examples of these risks, uncertainties and other factors include, but are not limited to, the impact of: * the spread of epidemics, pandemics and viral outbreaks and, in particular, the COVID-19 pandemic, including its effect on people’s ability or desire to travel (including cruises), which is expected to continue to negatively impact our results, operations, prosp objectives, plans, goals, growth, reputation, cash flows, liquidity, travel demand and share price; * our ability to comply with the US Centers for Disease Control and Prevention (“CDC”) framework for conditional navigation order and to otherwise develop advanced health and safety protocols to adapt to the unique challenges of current pandemic environment once operations resume and otherwise safely resume our operations when conditions permit; * coordination and cooperation with the CDC, the federal government and world public health authorities to take precautions to protect the health, safety and security of guests, crew and communities visited and the implementation of such precautions; * our ability to work with lenders and others or otherwise pursue options to defer, renegotiate or refinance our existing debt profile, short-term debt amortization, payments related to new construction and other obligations, and to work with credit card processors to meet current or potential future requests for upfront cash collateral from customers relating to future cruises; * our potential future need for additional funding, which may not be available on favorable terms, or may not be available at all, and may be dilutive to existing shareholders; * our indebtedness and restrictions in the arrangements governing our indebtedness which require us to maintain minimum levels of liquidity and otherwise limit our flexibility in the exercise of our business, including the significant portion of the assets that are collateral under these arrangements ; * the accuracy of any estimates of our assets as a result of the impact of COVID-19 or otherwise; * our success in reducing operating expenses and capital expenditures and the impact of those reductions; * our guests’ choice to accept cash refunds in lieu of future cruise credits or the continuation of any trend related to that choice; * trends or changes in future bookings and our ability to accept future bookings and receive related deposits; * the unavailability of ports of call; * future price increases, or major changes or reductions in commercial airline services; * adverse events affecting travel safety, such as terrorist acts, armed conflicts and related threats, acts of piracy and other international events; * adverse accidents involving cruise ships; * general adverse economic factors and related factors, such as fluctuating or rising levels of unemployment, underemployment and volatility in fuel prices, declines in the securities and real estate markets and perceptions of these conditions that reduce the level of disposable income of consumers or consumer confidence; * any further deterioration of our brands, trade names or goodwill; * data security breaches or other disturbances to our information technology and other networks or our actual or perceived failure to comply with privacy and data protection requirements; * changes in fuel prices and the type of fuel we are authorized to use and / or other cruise operating costs; * mechanical malfunctions and repairs, delays in our shipbuilding program, maintenance and refurbishment and consolidation of qualified shipyard facilities; * the risks and increased costs associated with operating internationally; * fluctuations in exchange rates of foreign currencies; * overcapacity in key markets or globally; * our expansion and investments in new markets; * our inability to obtain adequate insurance coverage; * pending or threatened litigation, investigations and enforcement actions; * volatility and disruption in global financial and credit markets, which could adversely affect our ability to borrow and could increase our counterparty’s credit risks, including those under our lines of credit, derivatives, contingent obligations, insurance contracts and guarantees payment for the advancement of new ships * our inability to recruit or retain qualified personnel or the loss of key personnel or employee relationship problems; * our dependence on third parties to provide hotel management services for certain ships and other services; * our inability to keep pace with technological developments; * changes that involve the tax and environmental regulatory regimes in which we operate; and * other factors listed under “Risk Factors” in our Form 10-K annual report for the year ending December 31, 2019, filed to the SEC on February 27, 2020, as updated by our current Form 8-K report filed July 8, 2020 and our quarterly report on Form 10-Q for the three and nine months ending September 30, 2020 Additionally, many of these risks and uncertainties are currently amplified and will continue to be amplified by or in the future. be amplified by the COVID-19 pandemic. It is not possible to predict or identify all of these risks. There may be additional risks that we consider irrelevant or unknown. The above examples are not exhaustive and new risks emerge from time to time. These forward-looking statements are based on our current beliefs, assumptions, expectations, estimates and projections regarding our present and future business strategies and the environment in which we plan to operate in the future. These forward-looking statements refer only to the date they were made. We expressly disclaim any obligation or commitment to publicly make updates or revisions to any forward-looking statement to reflect any change in our expectations regarding it or any change in the events, conditions or circumstances upon which such statement was based, except as required by law. Relations & Media Contact Andrea DeMarco (305) 468-2339 [email protected] Jessica John (786) 913-2902