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Tag Archives: Norwegian Cruise Lines bankrupt

Safe For Now. Norwegian Cruise Line Secures $2.2 Billion in Survival Funds

Norwegian Cruise Line Ship

REUTERS, MAY 6, 2020 May 6 (Reuters) – Norwegian Cruise Line Holdings Ltd has raised over $2.2 billion through debt and equity offerings, giving the cash-strapped cruise operator much-needed funds to survive extended voyage suspensions due to the COVID-19 pandemic. The company warned on Tuesday that it might not have funds to keep its business running for the next 12 …

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Is Norwegian Cruise Lines about to go bust? Company signals concerns to market

Cruise ship docked

REUTERS, May 5, 2020 By Nivedita Balu (Reuters) – Norwegian Cruise Line Holdings Ltd, the world’s third-largest cruise operator, raised doubts about its ability to keep running as a business on Tuesday, the first in the sector to signal it may succumb to the coronavirus crisis. The company’s shares slumped about 14% in early trading on Tuesday as it also …

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