Two subsidiaries of Norwegian Cruise Line Holdings Ltd. (NCLH) have priced two note offerings totaling at $1.10 billion.

NCL Corporation Ltd. (NCLC) announced that it has priced $575 million aggregate principal amount of its 5.875% Senior Notes due 2026, which were offered in a private offering.

“The NCLC Notes will form part of the same series as the $850 million aggregate principal amount of 5.875% Senior Notes due 2026 issued on December 18, 2020 and will be guaranteed by certain of NCLC’s subsidiaries on a senior unsecured basis. The price to investors will be 100.000% of the principal amount of the NCLC Notes,” NCLH said in a statement.

Meanwhile NCL Finance, Ltd.  subsidiary of NCLC, has also priced $525 million aggregate principal amount of its 6.125% Senior Notes due 2028 which were also offered in a private offering. The NCL Finance Notes will be guaranteed by NCLC and certain of NCLC’s subsidiaries on a senior unsecured basis. The price to investors would be 100.000% of the principal amount of the NCL Finance Notes.

“The offerings of the Notes are expected to close on March 3, 2021, subject to customary closing conditions. NCLC and NCL Finance expect to use the net proceeds from the offerings to fully repay the aggregate principal amounts outstanding under two of NCLC’s senior secured credit facilities, together with accrued but unpaid interest thereon, and to pay any related transaction premiums, fees and expenses, with the remainder of the net proceeds from the offerings to be used for general corporate purposes,” NCLH said in a statement.