Norwegian Cruise Line to Purchase the Norwegian Sky

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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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