08:18 AM EDT, 09/08/2025 (MT Newswires) -- Norwegian Cruise Line Holdings ( NCLH ) said Monday its NCL subsidiary plans to offer $1.03 billion in senior notes due 2031 and 2033 via a private offering.

The company said it will use net proceeds with cash on hand to fund a separate tender offer for its 5.875% senior notes due 2026, 5.875% senior secured notes due 2027 and redeem all of the 2026 and 2027 notes that are not purchased.

NCL will also redeem its 8.125% senior secured notes due 2029, and pay related interest and fees, the company said.

NCL also said it plans to offer $1.2 billion exchangeable senior notes due 2030 in a private offering. Initial purchasers were granted a 13-day option to buy up to an additional $120 million in notes.

Proceeds from the exchangeable notes offering will be used to repurchase a portion of its 1.125% and 2.50% exchangeable senior notes due 2027, the company said.

Separately, NCL said it commenced a $1 billion tender offer to purchase any outstanding 5.875% senior secured notes due 2027 and a $225 million offer to purchase its 5.875% senior notes due 2026.

The company also said it started a direct offering of ordinary shares to certain holders of its 1.125% exchangeable senior notes due 2027 and 2.5% exchangeable senior notes due 2027.

The cruise operator said it plans to use the proceeds together with proceeds of exchangeable senior notes due 2030 to repurchase a portion of the 2027 exchangeable notes.

Shares of the company were down 2.5% in recent Monday premarket activity.