Tourism & Cruises

Norwegian Cruise Line plans debt offering

Getty Images for Norwegian Cruis

Miami-based Norwegian Cruise Line announced on Monday that it plans a debt offering of $680 million.

Norwegian will put the proceeds from the offering toward its $3.025 billion acquisition of Prestige Cruises International. The company will finance the rest of the acquisition and refinance credit facilities held by Oceania Cruises and Regent Seven Seas Cruises, both part of Prestige.

The offering is expected to close this quarter along with the acquisition of Prestige, which is based in Doral.