![]() ![]() Securities and Exchange Commission, Norwegian Cruise Line Holdings said there is “substantial doubt” about its ability to continue as a “going concern” as it faces a liquidity crunch over the next twelve months. ![]() On May 5, 2020, in a filing with the U.S. This suspension had subsequently been extended through June 30, 2020. Concurrently Norwegian Cruise Line Holdings implemented a suspension of all cruise voyages across its three brands, with all 28 ships in port or at anchor and all passengers disembarked by March 28, 2020. Centers for Disease Control and Prevention issued a No Sail Order for cruise ships. Īs of 2018, it is the third-largest cruise operator in the world, collectively controlling 9.5% of the cruise market by passengers and 12.6% by revenue across its three subsidiaries. In June 2018, NCLH's Chairman Walter Revell stepped down, and was replaced by Miami Beach developer Russell Galbut. ![]() However, it later switched its listing from NASDAQ to the New York Stock Exchange on 19 December 2017, and it was removed from the index. On 14 December 2015, NCLH was added to the NASDAQ-100 index. On 9 January 2015, Kevin Sheehan, President and CEO, was succeeded by Frank Del Rio, co-founder of Oceania Cruises. In September 2014, NCLH announced that it had purchased Prestige Cruise Holdings, the parent company of Oceania Cruises and Regent Seven Seas Cruises in cash and stock for a total transaction consideration of $3.025 billion, including the assumption of debt. Eventually, on 3 December 2018, Apollo and Genting sold off their remaining stakes in the company, marking the end of a relationship that lasted more than a decade. One year later, combined ownership among the three firms had been cut nearly in half, with Apollo now holding the largest individual stake (15.8%), followed by Genting (11.1%) and TPG (2.4%). By the end of 2014, nearly half of NCLH's shares were publicly owned, with Genting, Apollo and TPG controlling 25%, 24% and 7%, respectively. In the following years, those three sponsors progressively reduced their stakes through a series of secondary public offerings. Immediately after the initial public offering, public shareholders controlled 13.3% of NCLH, while Genting Hong Kong owned a 43.4% stake, Apollo 32.5%, and TPG 10.8%. Following the completion of the IPO in January 2013 and its debut on the NASDAQ, Norwegian Cruise Line and NCLH underwent a corporate reorganisation that gave NCLH full ownership of Norwegian Cruise Line, while Norwegian Cruise Line's previous owners exchanged their stakes for shares in NCLH. At the time, Norwegian Cruise Line was owned by a consortium of Genting Hong Kong, Apollo Management and TPG Capital. ![]() NCLH was incorporated on February 21, 2011, as a Bermuda exempted company in anticipation of a planned initial public offering (IPO). It is a publicly traded company listed on the New York Stock Exchange. With its subsidiaries combined, it is the third-largest cruise operator in the world. It operates three cruise lines as wholly owned subsidiaries: Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises. All Rights Reserved.Norwegian Cruise Line Holdings ( NCLH) is a holding company that is domiciled in Bermuda and based in the United States. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2019 and/or its affiliates. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. Factset: FactSet Research Systems Inc.2019. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. ![]()
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