Norwegian Cruise Line Holdings (NCLH) Could Be 29% Undervalued Following Its Debt Refinancing Plan

Why Norwegian Cruise Line Holdings Is Back On Investor Radar Norwegian Cruise Line Holdings (NCLH) has come back into focus after its NCL Corporation unit launched a proposed private offering of US$750 million in senior notes due 2031, aimed at reshaping the group’s debt stack. The planned issue targets higher coupon 6.125% notes maturing in 2028, revolving credit borrowings, and export credit backed facilities. For anyone tracking NCLH, this is a balance sheet story, not just a headline...