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Monday, June 18, 2012

Norwegian Cruise Line to Purchase the Norwegian Sky

Norwegian Cruise Line's Norwegian Sky
Norwegian Cruise Line's Norwegian Sky
On June 1, 2012, Norwegian Cruise Line (NCL Corporation Ltd., “Norwegian” or “the Company”)  announced the signing of a memorandum of agreement to exercise its option to purchase Norwegian Sky.  The transaction is expected to close shortly.

The Company currently operates Norwegian Sky under a Bareboat Charter with a purchase option from Ample Avenue, an indirect wholly-owned subsidiary of Genting Hong Kong Limited, a 50% owner of the Company.  The purchase price is approximately $260 million pursuant to the option under the Bareboat Charter.  Financing is being provided by the seller.
The 2,002-berth Norwegian Sky currently operates three and four-night voyages year-round from Miami, Florida.

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1 comment:

  1. Thank you for sharing this news with us Nick! I came across your blog while I was online reading up on a Bareboat Charter because I have never been on one but I have been hearing so much about them recently. I really think I'm going to plan a trip soon to go on one especially after reading your blog and hearing my friends stories. Thank you again for sharing and helping!