Important Update Regarding NCL Holdings
CONTACT US:
1-800-672-7485
Dear Valued Best Price Cruises Customer,

This morning, Norwegian Cruise Holdings (NCLH), parent of Norwegian, Oceania & Regent brands, made many announcements to the Financial Markets. As your Professional Travel Advisors, we are providing this information to you.

NCLH announced today they are seeking $2 billion of additional financing. Per the most recent Press Release, the statement reassures that once the financing is completed, they will have enough funds to not operate cruises for over 12 months, as a financially responsible worst case scenario. Additionally, NCLH's competitors have recently quickly secured all financing they have requested and also reported strong stability as a result. NCLH may successfully follow this pattern.

We are not financial consultants, however our professional opinion as your Travel Advisor, at this time, is to recommend that you consider giving this situation up to 2 weeks to gain more insight. Of course, the ultimate decision is yours to make. In light of this information, if you wish to cancel or purchase our 3rd party cancellation protection, that currently protects you should NCLH default, we are here to assist you.
Most recent NCLH Press Release:

“Today, we launched a series of capital markets transactions, led by Goldman Sachs, which are expected to raise approximately $2 billion. These transactions are expected to consist of:
  1. $350 million public offering of common equity.
  2. $650 million exchangeable senior notes offering.
  3. $600 million senior secured notes offering.
  4. $400 million private placement from global consumer-focused private equity firm L Catterton (already finalized).
Contingent on completion of the transactions, we expect to have approximately $3 billion of liquidity. This strengthens our financial position and ensures that we are positioned to withstand well over 12 months of voyage suspensions in a potential downside scenario. While this is not our expectation, we have taken a proactive approach to protect our future given the significant uncertainty and unknown duration of the COVID-19 global pandemic.

We realize there was some negative press picked up as a result of our SEC 8K filing this morning to financial markets, but we hope you understand now that we expect to be well-positioned to weather this storm.”
Again, our professional Travel Advisors are here to assist you at 1-800-672-7485 and we will do our best to continue to provide updates as they become available. We thank you for choosing Best Price Cruises and look forward to helping you plan your future vacations.