The high-yield notes are due 2032

Davis Polk advised the representatives of the initial purchasers in connection with a Rule 144A / Regulation S offering by NCL Corporation Ltd. (NCLC), a wholly owned subsidiary of Norwegian Cruise Line Holdings Ltd. (NCLH), of $1.8 billion aggregate principal amount of its 6.750% senior notes due 2032.

NCLH is a leading global cruise company that operates the Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas cruises brands. With a combined fleet of 32 ships with approximately 66,500 berths, these brands offer itineraries to destinations worldwide. NCLH’s shares are traded on the NYSE.

The Davis Polk capital markets team included partner John B. Meade and associate Marquis J. Pullen. Counsel Liang Zhang and associates Ted Lee and Ryan Powers provided tax advice. Counsel Chaoyuan (Charles) Shi provided executive compensation advice. All members of the Davis Polk team are based in the New York office.