PE Firms Sell Up To $817M Of Cruise Line Shares

Law360, New York (December 3, 2013, 1:36 PM EST) -- Several principal shareholders of Norwegian Cruise Line Holdings are holding a secondary public offering of 22 million ordinary shares, expecting to raise a maximum of $817 million, the company said Tuesday.

Star NCLC Holdings, Apollo Global Management and TPG Global are selling their shares in the company, which will not receive any revenue, Norwegian said. The maximum amount includes an additional 3.3 million shares, which the underwriters may purchase for another 30 days.

The selling shareholders did not immediately respond to requests for comment.

Apollo has...
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