MIAMI, Dec. 03, 2018 (GLOBE NEWSWIRE) -- Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) (together with NCL
Corporation Ltd., “Norwegian Cruise Line Holdings”, “Norwegian” or the “Company”) today announced that in connection with the
closing of the previously announced secondary public offering by certain funds affiliated with Apollo Global Management, LLC
(“Apollo”) and Star NCLC Holdings Ltd. (together, the “Sponsors”), the Sponsors will no longer beneficially own any ordinary shares
of Norwegian.
“Apollo Global Management and our other sponsors played key roles in the turnaround and expansion of Norwegian
Cruise Line Holdings. We could not have asked for a better business partner than Apollo and we are grateful for their support
and contributions over the last eleven years,” said Frank Del Rio, president and chief executive officer of Norwegian Cruise Line
Holdings Ltd. “As we look ahead to the next chapter of Norwegian’s storied history, we find our company at an inflection point to
further maximize shareholder returns by building on our key strengths, executing on our disciplined newbuild program and continuing
to deliver strong financial results.”
In connection with the offering, the Company repurchased approximately $85 million of ordinary shares of
Norwegian from the underwriter under its existing $1.0 billion share repurchase program, of which approximately $600 million
remains for future share repurchases.
About Norwegian Cruise Line Holdings Ltd.
Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) is a leading global cruise company which operates the Norwegian
Cruise Line, Oceania Cruises and Regent Seven Seas Cruises brands.
With a combined fleet of 26 ships with approximately 54,400 berths, these brands offer itineraries to more than
450 destinations worldwide. The Company will introduce eight additional ships through 2027.
Norwegian Cruise Line is the innovator in cruise travel with a 51-year history of breaking the boundaries of
traditional cruising. Most notably, Norwegian revolutionized the cruise industry by offering guests the freedom and
flexibility to design their ideal cruise vacation on their schedule with no set dining times, a variety of entertainment options
and no formal dress codes. Today, Norwegian invites guests to enjoy a relaxed, resort- style cruise vacation on some of the newest
and most contemporary ships at sea with a wide variety of accommodations options, including The Haven by Norwegian®, a luxury
enclave with suites, private pool and dining, concierge service and personal butlers. Norwegian Cruise Line sails around the globe,
offering guests the freedom and flexibility to explore the world on their own time and experience up to 27 dining options,
award-winning entertainment, superior guest service and more across all of the brand’s 16 ships.
Oceania Cruises is the world’s leading culinary- and destination-focused cruise line. The line’s six intimate
and luxurious ships which carry only 684 or 1,250 guests offer an unrivaled vacation experience featuring the finest cuisine at sea
and destination-rich itineraries that span the globe. Expertly crafted voyages aboard designer-inspired, intimate ships call on
more than 450 ports across Europe, Alaska, Asia, Africa, Australia, New Zealand, New England-Canada, Bermuda, the Caribbean, Panama
Canal, Tahiti and the South Pacific and epic Around The World Voyages that range from 180 to 200 days.
Regent Seven Seas Cruises offers the industry’s most inclusive luxury experience aboard its all-suite fleet.
Seven Seas Mariner’s 2018 dry-dock refurbishment concluded the line’s $125 million refurbishment program to elevate the elegance of
the whole fleet to the standard set by Seven Seas Explorer. In early 2020, Regent will perfect luxury with the launch of Seven Seas
Splendor. A voyage with Regent Seven Seas Cruises includes all-suite accommodations, round-trip air, highly personalized service,
exquisite cuisine, fine wines and spirits, unlimited internet access, sightseeing excursions in every port, gratuities, ground
transfers and a pre-cruise hotel package for guests staying in concierge-level suites and higher.
Cautionary Statement Concerning Forward-Looking Statements
Certain statements in this release or that may be mentioned on our conference call constitute forward-looking statements within the
meaning of the U.S. federal securities laws intended to qualify for the safe harbor from liability established by the Private
Securities Litigation Reform Act of 1995. All statements other than statements of historical facts contained in this release or
that may be mentioned on our conference call, including, without limitation, those regarding our business strategy, financial
position, results of operations, plans, potential share repurchases or dividends, future deleveraging, prospects and objectives of
management for future operations (including expected fleet additions, development plans, demand environment, objectives relating to
our activities and expected performance in new markets), are forward-looking statements. Many, but not all, of these statements can
be found by looking for words like "expect," "anticipate," "goal," "project," "plan," "believe," "seek," "will," "may," "forecast,"
"estimate," "intend," "future," and similar words. Forward-looking statements do not guarantee future performance and may involve
risks, uncertainties and other factors which could cause our actual results, performance or achievements to differ materially from
the future results, performance or achievements expressed or implied in those forward-looking statements. Examples of these risks,
uncertainties and other factors include, but are not limited to the impact of: adverse events impacting the security of
travel, such as terrorist acts, armed conflict and threats thereof, acts of piracy, and other international events; adverse
incidents involving cruise ships; adverse general economic and related factors, such as fluctuating or increasing levels of
unemployment, underemployment and the volatility of fuel prices, declines in the securities and real estate markets, and
perceptions of these conditions that decrease the level of disposable income of consumers or consumer confidence; the spread of
epidemics and viral outbreaks; our expansion into and investments in new markets; the risks and increased costs associated
with operating internationally; breaches in data security or other disturbances to our information technology and other networks;
changes in fuel prices and/or other cruise operating costs; fluctuations in foreign currency exchange rates; overcapacity in key
markets or globally; the unavailability of attractive port destinations; evolving requirements and regulations regarding data
privacy and protection and any actual or perceived compliance failures by us; our indebtedness and restrictions in the agreements
governing our indebtedness that limit our flexibility in operating our business; the significant portion of our assets pledged as
collateral under our existing debt agreements and the ability of our creditors to accelerate the repayment of our indebtedness;
volatility and disruptions in the global credit and financial markets, which may adversely affect our ability to borrow and could
increase our counterparty credit risks, including those under our credit facilities, derivatives, contingent obligations, insurance
contracts and new ship progress payment guarantees; our inability to recruit or retain qualified personnel or the loss of key
personnel; delays in our shipbuilding program and ship repairs, maintenance and refurbishments; our reliance on third parties to
provide hotel management services to certain ships and certain other services; future increases in the price of, or major changes
or reduction in, commercial airline services; amendments to our collective bargaining agreements for crew members and other
employee relation issues; our inability to obtain adequate insurance coverage; future changes relating to how external distribution
channels sell and market our cruises; pending or threatened litigation, investigations and enforcement actions; our ability to keep
pace with developments in technology; seasonal variations in passenger fare rates and occupancy levels at different times of the
year; changes involving the tax and environmental regulatory regimes in which we operate; and other factors set forth under "Risk
Factors" in our most recently filed Annual Report on Form 10-K, Quarterly Report on Form 10-Q and subsequent filings by the Company
with the Securities and Exchange Commission. The above examples are not exhaustive and new risks emerge from time to time. Such
forward-looking statements are based on our current beliefs, assumptions, expectations, estimates and projections regarding our
present and future business strategies and the environment in which we expect to operate in the future. These forward-looking
statements speak only as of the date made. We expressly disclaim any obligation or undertaking to release publicly any updates or
revisions to any forward-looking statement contained herein or that may be mentioned on our conference call to reflect any change
in our expectations with regard thereto or any change of events, conditions or circumstances on which any such statement was based,
except as required by law.
Investor Relations & Media Contacts
Andrea
DeMarco
(305) 468-2339
InvestorRelations@nclcorp.com
Jordan Kever
(305) 436-4961
