Norwegian Cruise Says New Funding Means It Will Survive Crisis
- Company’s $2.23 billion effort includes high-yield bond sale
- Cruise operator issued a going-concern warning on Tuesday
Photographer: Tim Rue/Bloomberg
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Norwegian Cruise Line Holdings Ltd. said Wednesday that a $2.23 billion fundraising effort has secured its future -- a day after telling investors its survival was in jeopardy.
Norwegian started Tuesday with a warning to investors: With its cash position weak and the cruise industry shuttered due to Covid-19, it couldn’t guarantee it would continue as a going concern.