MIAMI, Jan. 15, 2019 (GLOBE NEWSWIRE) -- Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH), (together with NCL
Corporation Ltd., "Norwegian Cruise Line Holdings", "Norwegian" or the "Company") today announced an order for a new ship for
Regent Seven Seas Cruises. The new vessel will be a sister ship to Seven Seas Explorer®, the most luxurious ship
ever built, and Seven Seas SplendorTM, the ship that perfects luxury. The ship will be designed and built by Fincantieri
S.p.A. for delivery in late 2023.
Building on the success of its predecessors, Regent Seven Seas Cruises’ newest addition will continue to set the
standard for defining elegance at sea. Accommodating up to 750 guests, the intimate and spacious new ship will be the brand’s
sixth-all-suite vessel. Details regarding her itineraries, accommodations, dining venues, amenities and onboard experiences will be
revealed leading up to her 2023 debut. Voyages for the ship’s inaugural season will go on sale in 2021.
“We are excited to build on the spectacular success of Seven Seas Explorer and Seven Seas Splendor as we embark
on bringing to life a new vessel that will set an even higher benchmark for elegance, luxury and style,” said Frank Del Rio,
president and chief executive officer of Norwegian Cruise Line Holdings Ltd. “This new ship further strengthens our Company’s
robust yet measured growth profile with vessels now on order for all three of our award-winning brands, enabling us to expand our
presence globally, further diversify our product offerings and continue to drive shareholder returns.”
Since debuting in 2016, Seven Seas Explorer has solidified her reputation as the most luxurious ship ever built
with numerous industry awards and continued accolades from guests across the globe. The eagerly anticipated Seven Seas Splendor,
set for delivery in early 2020, is following in her predecessor’s footsteps, driving the line’s single-day booking record when
voyages for her inaugural season were opened for sale in April 2018.
“Over the past 12 months Regent Seven Seas Cruises has completed a $125 million revitalization of our fleet,
began construction on Seven Seas Splendor, unveiled our 2020-2021 Voyage Collection with 167 itineraries and new ports, introduced
new relaxed outdoor evening dining venues, debuted the industry’s most immersive Cuba itineraries, revealed Go Local
Tours shore excursions, and today we announce the order for our newest category-defining luxury cruise ship," said Jason
Montague, president and chief executive officer of Regent Seven Seas Cruises. "Our growth is a reflection of the amazing
people who work across our fleet, our valued shoreside employees, our loyal guests and their trusted travel
advisors. These are exciting times for everyone associated with Regent Seven Seas Cruises and we can’t wait to show you
what’s next.”
The contract price for the vessel is approximately €475 million. The Company has obtained export credit
financing with favorable terms to fund 80 percent of the contract price of the ship, subject to certain Italian government
approvals.
With today's announcement, Norwegian Cruise Line Holdings has eleven ships on order for delivery through 2027
including seven ships on order for Norwegian Cruise Line, two for Oceania Cruises and two for Regent Seven Seas Cruises. The
Company will take delivery of its newest ship, Norwegian Encore, in fall 2019.
“This agreement is the perfect seal of the work our Group has carried out over the years and the role we have
gained on the market. We are able to enter and maintain a reference market presence in every niche, including the most unique and
competitive as the ultra-luxury one, in which Regent Seven Seas Cruises operates. Quality is the ship owner’s hallmark and it
entrusted Fincantieri once again,” stated Giuseppe Bono, CEO of Fincantieri. “Today we have 10 ships on order for Norwegian Cruise
Line Holdings Ltd. in our order book, 5 of which have been secured in the last 5 months, for all the three brands in their
portfolio: this result confirms the strength of the strategies we carried out, allowing us to reiterate our leadership in the
sector at a global level.”
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 eleven additional ships through
2027.
Norwegian Cruise Line is the innovator in cruise travel with a 52-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 is the world’s most inclusive luxury experience with a modern, six-ship fleet that
visits more than 450 iconic and immersive destinations around the world. The cruise line’s fares include all-suite accommodations,
round-trip business-class air on intercontinental flights from U.S. and Canada, the largest collection of free, unlimited shore
excursions, unlimited internet access, highly personalized service, exquisite cuisine, fine wines and spirits, prepaid gratuities,
ground transfers and one-night, pre-cruise hotel package for guests staying in Concierge-level suites and higher. In 2018 the
cruise line concluded a $125 million refurbishment program of Seven Seas Mariner, Seven Seas Voyager and Seven Seas Navigator to
elevate the fleet’s elegance to the standard set by Seven Seas Explorer and, in 2020, Seven Seas Splendor.
Cautionary Statement Concerning Forward-Looking Statements
Certain statements in this release 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, including, without limitation, those
regarding expected fleet additions, financing and financial performance, 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
Norwegian with the Securities and Exchange Commission. The above examples are not exhaustive and new risks, uncertainties and other
factors may 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 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.
