Norwegian Cruises for $250M IPO

(Reuters) – Global cruise line operator Norwegian Cruise Line Holdings Ltd filed with U.S. regulators to raise up to $250 million in an initial public offering.

After the company reorganizes itself following the close of the offering, it will become the parent company of NCL Corporation, which shelved its plans to go public, according to a filing with the U.S. Securities and Exchange Commission.

The Miami, Florida-based company, which generated $2.09 billion in revenue in the year ended March 31, 2011, offers cruises to North America, the Mediterranean, the Baltic, Central America, Bermuda and the Caribbean.

Norwegian Cruise Line intends to use proceeds from the offering to repay debt and plans to list its shares on Nasdaq under the symbol “NCLH.”

UBS, Barclays Capital and Goldman Sachs & Co are the underwriters of the IPO.

The amount of money a company says it plans to raise in its first IPO filings is used to calculate registration fees. The final size of the IPO can be different.

(Reporting by Rachel Chitra in Bangalore; Editing by Sriraj Kalluvila)