Exclusive: Norwegian Cruise taps Goldman Sachs to explore stake sale - sources

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Norwegian Cruise Line Holdings Ltd has hired investment bank Goldman Sachs Group Inc to explore financing options that could include the sale of ...

REUTERS: Norwegian Cruise Line Holdings Ltd has hired investment bank Goldman Sachs Group Inc to explore financing options that could include the sale of a stake in the company, people familiar with the matter said on Friday.

The sources, who requested anonymity as the deliberations are confidential, cautioned that no deal is certain. Norwegian Cruise did not immediately respond to a request for comment. Goldman Sachs declined to comment. Cruise lines have been rushing to bolster their cash coffers through equity and debt offerings following the onset of the COVID-19 pandemic, which led to outbreaks on several ships.Earlier this month, Carnival Corp , the world's largest cruise operator, raised US$6.25 billion by issuing new debt and equity to investors, while Royal Caribbean Cruises Ltd clinched a US$2.2 billion loan last month.

Norwegian Cruise, the world's third-largest cruise operator, has lost almost four-fifths of its market value this year, as it grounded its 28-ship fleet to help contain the spread of the virus.

 

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