Prestige Cruises Scraps IPO Plans
- Business & Finance
Luxury cruise liner Prestige Cruises International pulled back from an initial public offering in a filling with the US regulators dated on Monday, January 12th.
The company initially filed for a USD 250 million IPO in January 2014.
However, cruise operator Norwegian Cruise Line Holdings Ltd. revealed intentions in September last year to take over Prestige Cruises International, for a total transaction consideration of USD 3.025 billion, including the assumption of debt.
The acquisition was wrapped up in November.
Miami, FL-based Prestige is the parent company of Oceania Cruises and Regent Seven Seas Cruises.
Prestige operates eight ships and approximately 6,500 berths under two segment-leading brands.
Oceania Cruises operates in the upper-premium cruise segment with five ships.
Regent Seven Seas Cruises operates three all-suite ships, with an additional ship on order slated for delivery in summer 2016.
World Maritime News Staff; Image: Prestige Cruises