Norwegian Cruise Line Holdings Ltd. (NCLH), the world’s thirdlargest cruise shipping company, has announced the launch of a secondary public offering of 20 million of its ordinary shares by certain funds affiliated with Apollo Global Management, LLC, Star NCLC Holdings Ltd. and certain funds affiliated with TPG Global, LLC.
Star NCLC Holdings is part of the Genting Hong Kong group, which has acquired Crystal Cruises and unveiled major development plans for the Los Angeles based luxury market company.
This is the third such sale, the first one being unveiled on 5 March and the second on 19 May. However, in the first sale, only TPG and STar NCLC were involved and they offered a total of 12.5 million shares in NCLH, while in may both the number of shares and the sellers were the same as today.
The share sale is pursuant to an automatic shelf registration statement on Form S-3 filed with the U.S. Securities and Exchange Commission (the "SEC"). Norwegian will not sell any ordinary shares in the offering and will not receive any of the proceeds from the offering. The total number of Norwegian ordinary shares outstanding will not change as a result of the offering, NCLH said in a statement.
