NORWEGIAN CRUISE LINES SECURES OVER $2 BILLION FRESH CASH TO SURVIVE
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NORWEGIAN CRUISE LINES SECURES OVER $2 BILLION FRESH CASH TO SURVIVE Norwegian Cruise Lines has secured over $2 billion in cash plus another $1.2 billion in debt deferrals to allow it to continue as a going concern. The cruise line has cut costs to ensure it will be able to outlast a long shutdown and honor any and all requests for cruise deposit refunds and future cruise credits. Norwegian was able to raise cash at rates from 6% to 12.25% along with issuing shares from $11.00 to $13.75 via exchangeable senior notes. A number of major investment funds, pension funds and private equity funds were rumored to be involved in the purchase of these bonds and shares. #norwegiancruiselines #ncl #travellingwithbruce
Join me and the TWB Family on our first ever group cruise on the Harmony of the Seas from Dec 6th 2020 to Dec 13th. We leave Port Canaveral and visit Coco Cay, St Thomas and St Kitts on a relaxing 7 day cruise. Visit the link below for all the details.
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