Norwegian Cruise Line Aren't Going Bust, Here's Why!
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Creator's Key Takeaways
Norwegian Cruise Line are not going bust and I'm gonna tell you why
Norwegian Cruise Line have managed to raise two billion dollars to help them get through this situation
I personally would not be worried about it if it is in the next year the next two years
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If you've seen any cruise related news stories lately you've probably seen the ones which say that 'Norwegian Cruise Line Are Going Bust!' This couldn't be further from the truth and in this video I'm going to tell you why. If you have a Norwegian Cruise Line cruise booked please try not to worry. The cruise line are in a strong position to survive 12 months without a single sailing! Not many companies could say that. Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) (the "Company") today announced it successfully secured over $2 billion of additional liquidity in response to impacts of the COVID-19 global pandemic on the Company and the cruise industry, including the temporary suspension of voyages, and to safeguard against a further downside scenario. Yesterday, the Company announced the launch of a series of capital markets transactions, led by Goldman Sachs, to raise approximately $2 billion. The transaction has since been upsized to gross proceeds of $2.225 billion ($2.4 billion if the underwriters exercise their full overallotment options) due to significant oversubscription and demand across all three offerings. The transactions consisted of (1) $400 million public offering of common equity, (2) $750 million exchangeable senior notes offering, (3) $675 million senior secured notes offering and (4) $400 million private investment from global consumer-focused private equity firm L Catterton. 9 Ways Your Cruise Will Change Post Covid 19: https://www.youtube.com/watch?v=hx9gUhX4C6k Cruise Refunds, Your Experiences: https://www.youtube.com/watch?v=Uv8YLTXS4L8&t=4s Sources: http://www.nclhltdmedia.com/news-releases/news-release-details/norwegian-cruise-line-holdings-ltd-successfully-secures-over-2 https://www.cruisin.me/cruise-ship-tracker/norwegian-cruise-line/fleet/ https://www.ncl.com/uk/en/suspended-sailings https://www.marketwatch.com/story/norwegian-cruise-proposes-debt-sale-to-furlough-20-of-shoreside-staff-stock-tumbles-2020-05-05?mod=article_inline https://www.seatrade-cruise.com/news/nclh-gets-400m-l-catterton-investment-offers-stock-private-exchangeable-notes-senior-notes ▶ SUBSCRIBE or weekly cruise tips, tours and news: https://bit.ly/34ltwZi ▶ FREE TRAINING: Want to learn how to cruise well on a budget? https://bit.ly/31vGORb ▶ JOIN THIS CHANNEL: https://bit.ly/3kmSZan ▶ BOOKING A CRUISE? Free cruise quote: https://bit.ly/3mf9FRZ *** RECOMMENDATIONS: Never ever ever ever cruise without travel insurance! Compare quotes here: USA: https://www.anrdoezrs.net/click-100225232-13511091 UK: https://tidd.ly/3oiKD5Y ▶ Recommended Cruise Lines: https://bit.ly/31WiXdA ▶ Recommended Blog/YouTube Resources: https://bit.ly/2HnSjn1 LEARN MORE: https://www.emmacruises.com/about Let’s Connect! https://instagram.com/emmacruises https://twitter.com/emmacruises https://patreon.com/emmacruises emma@emmacruises.com Facebook Group: https://bit.ly/2Hr3c7s