NCL Corporation Ltd., a subsidiary of Norwegian Cruise Line Holdings Ltd. (NCLH) said it has priced $600.0 million aggregate principal amount of its 8.375% senior secured notes due 2028, which were offered in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended.

The aggregate principal amount of notes to be issued was increased to $600 million from the previously announced $500 million, the company said in a statement.

"The offering of the Notes is expected to close on February 2, 2023, subject to customary closing conditions. We intend to use the net proceeds from the Notes Offering to repay the term loans outstanding under our senior secured credit facility that will become due in January 2024, including to pay any accrued and unpaid interest thereon, as well as related premiums, fees and expenses,” NCLH said.

The notes and the related guarantees would be secured by first-priority interests in, among other things and subject to certain agreed security principles, 13 vessels that also secure NCLH’s senior secured credit facility. “The Notes will be guaranteed by our subsidiaries that own the vessels that will secure the Notes,” NCLH said.