Jump to content

Not Good News


Laszlo
 Share

Recommended Posts

You sure you want a cruise credit?

 

 

https://www.cnn.com/2020/05/05/business/norwegian-cruise-line/index.html

https://www.miamiherald.com/news/business/tourism-cruises/article242506646.html

 

 

New York (CNN Business)Norwegian Cruise Line Holdings warned investors Tuesday that it might be forced to go out of business, as tries to raise the money it'll need to weather the coronavirus crisis.

In a filing with the Securities and Exchange Commission Tuesday, the company said its accounting firm has "substantial doubt" about Norwegian's ability to continue as a going concern because of the Covid-19 pandemic.
Companies with this kind of dire outlook are sometimes able to turn things around and survive, although it often takes a trip through bankruptcy to shed debt and other liabilities in order to do so.
To that end, Norwegian announced that it arranged to borrow $400 million from investment firm L Catterton through notes due in 2026.
Edited by Laszlo
Link to comment
Share on other sites

3 minutes ago, Laszlo said:

https://www.cnn.com/2020/05/05/business/norwegian-cruise-line/index.html

 

 

New York (CNN Business)Norwegian Cruise Line Holdings warned investors Tuesday that it might be forced to go out of business, as tries to raise the money it'll need to weather the coronavirus crisis.

In a filing with the Securities and Exchange Commission Tuesday, the company said its accounting firm has "substantial doubt" about Norwegian's ability to continue as a going concern because of the Covid-19 pandemic.
Companies with this kind of dire outlook are sometimes able to turn things around and survive, although it often takes a trip through bankruptcy to shed debt and other liabilities in order to do so.
To that end, Norwegian announced that it arranged to borrow $400 million from investment firm L Catterton through notes due in 2026.

Better get your money back pretty soon.  

  • Haha 1
Link to comment
Share on other sites

3 minutes ago, tallnthensome said:

Please read the forum first .... multiple threads already. 

 

Sorry, just got a news pop up, thought it was "New" 

  • Like 1
Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share

  • Forum Jump
    • Categories
      • Thank You for 25 Years - Click for Fun Stuff!
      • Forum Assistance
      • New Cruisers
      • Cruise Lines “A – O”
      • Cruise Lines “P – Z”
      • River Cruising
      • ROLL CALLS
      • Digital Photography & Cruise Technology
      • Special Interest Cruising
      • Cruise Discussion Topics
      • UK Cruising
      • Australia & New Zealand Cruisers
      • Canadian Cruisers
      • North American Homeports
      • Ports of Call
      • Cruise Conversations
×
×
  • Create New...