NCLH: Secondary Offering

Norwegian Cruise Line Holdings (NCLH) has issued a prospectus announcing a secondary offering of 12,500,000 ordinary shares offered by Star and TPG Viking Fund. The sellers will receive all the proceeds.

Prior to the offering Star is holding 56,819,334 shares or 25 percent of the total of outstanding shares; Apollo Funds is holding 54,659,020 shares or 24.0 percent; and TPG Viking Funds, 16,079,834 shares or 7.0 percent.

After the offering the controlling shareholders will hold 50.3 percent with Star having reduced its holdings to 22.0 percent and TPG Viking to 4.3 percent.

This is the second secondary offering since NLCH went public in January of 2013. Having priced its offering at $19 per share, prices went to more than $25 on the first day and were just below $50 at press time. The 52-week low-high is $29.08 – $51.57.

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