“The Buzz” Show: Norwegian Cruise Line (NYSE: NCLH) Plummets Amid Secondary Offering

FinancialBuzz.com’s latest The Buzz Show: Featuring Our Corporate News Recap on “Norwegian Cruise Line Plummets Amid Secondary Offering”

“The Buzz” Show: Norwegian Cruise Line Plummets Amid Secondary Offering

Shares of Norwegian Cruise Line Holdings (NYSE: NCLH) fell more than 6% in premarket trading after the company started a secondary offer of 40 million ordinary shares last night.

The proceeds from the offering are being earmarked for general corporate purposes, as the Company blamed its dwindling sales in Q3 on the Coronavirus pandemic, with Barclays and J.P. Morgan acting as the underwriters for the Offering potentially worth around 800 million dollars.

As the innovator in global cruise travel, Norwegian Cruise Line has been breaking the boundaries of traditional cruising for 53 years. Most notably, the cruise line revolutionized the industry by offering guests the freedom and flexibility to design their ideal vacation on their preferred schedule with no assigned dining and entertainment times and no formal dress codes. Today, its fleet of 17 contemporary ships sail to over 300 of the world’s most desirable destinations, including Great Stirrup Cay, the company’s private island in the Bahamas and its resort destination Harvest Caye in Belize. Norwegian Cruise Line not only provides superior guest service from land to sea, but also offers a wide variety of award-winning entertainment and dining options as well as a range of accommodations across the fleet, including solo-traveler staterooms, mini-suites, spa-suites and The Haven by Norwegian®, the company’s ship-within-a-ship concept.

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