July 30, 2016 1:02 PM ET

Hotels, Restaurants and Leisure

Company Overview of Norwegian Cruise Line Holdings Ltd.

Company Overview

Norwegian Cruise Line Holdings Ltd. operates as a cruise line company that offers various itineraries. It offers cruises ranging from 1 day to 180 days itineraries to approximately 510 destinations worldwide. The company offers its products through independent travel agents, wholesalers, and tour operators. It operates 22 ships under the Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises brands with approximately 45,000 Berths. The company was founded in 1966 and is headquartered in Miami, Florida.

7665 Corporate Center Drive

Miami, FL 33126

United States

Founded in 1966

26,500 Employees

Phone:

305-436-4000

Key Executives for Norwegian Cruise Line Holdings Ltd.

Chief Executive Officer, President and Director
Age: 61
Total Annual Compensation: $1.8M
Chief Financial Officer and Executive Vice President
Age: 52
Total Annual Compensation: $624.8K
President of International Operations and Vice Chairman of Prestige Cruise Holdings Inc
Age: 51
Total Annual Compensation: $1.6M
President of Oceania Cruises & Regent Brands and Chief Operating Officer of Oceania Cruises & Regent Brands
Age: 42
Total Annual Compensation: $650.0K
President of Norwegian Cruise Line and Chief Operating Officer of Norwegian Cruise Line
Age: 53
Total Annual Compensation: $627.8K
Compensation as of Fiscal Year 2015.

Norwegian Cruise Line Holdings Ltd. Key Developments

Norwegian Cruise Line Holdings Ltd. Announces Resignation of F. Robert Salerno from the Board of Directors Effective as of July 5, 2016

Norwegian Cruise Line Holdings Ltd. announced that Mr. F. Robert Salerno notified would be resigning from the Board of Directors of the Company, effective as of July 5, 2016. The resignation did not involve a disagreement with the Company on any matter relating to the Company's operations, policies or practices.

Norwegian Cruise Line Holdings Ltd. Announces Refinancing of its Senior Secured Credit Facility

Norwegian Cruise Line Holdings Ltd. announced the refinancing of its senior secured credit facility. The Company has amended its existing senior secured credit facility by extending the maturity of its $625 million revolving credit facility and its $1.16 billion term loan facility from May 2018 to June 2021. In addition, the amendment increased the amount of commitments under the Revolver from $625 million to $750 million and the amount outstanding under the Term Loan from $1.16 billion to $1.51 billion. The proceeds from the increase in the Term Loan were used to prepay the entire outstanding principal amount of the Company’s $350 million senior secured term loan, resulting in no change to the Company’s total outstanding debt. Both the Revolver and Term Loan bear interest at LIBOR plus an applicable margin of between 1.50% and 2.25%, depending on the Company’s leverage ratio. The $350 million senior secured term loan bore interest at LIBOR plus 3.25%.

Norwegian Cruise Line Holdings Ltd. Presents at Barclays High Yield Bond & Syndicated Loan Conference, Jun-09-2016 10:50 AM

Norwegian Cruise Line Holdings Ltd. Presents at Barclays High Yield Bond & Syndicated Loan Conference, Jun-09-2016 10:50 AM. Venue: The Broadmoor, 1 Lake Avenue, Colorado Springs, Colorado, United States. Speakers: Andrea DeMarco, Head of IR, Howard Flanders, SVP & Treasurer.

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