Norwegian Cruise Line (NCL) is raising $700m through a bond sale aimed at retiring more expensive debt.
The issue carries interest of 4.75% and is due in December 2021.
Net proceeds will be used to redeem its 5.25% notes due in 2019.
The new debt is being offered only to institutional buyers.
NCL has recently been tipped by Italian media to sign up for as many as six new vessels worth $4.2bn at Fincantieri.
The 130,000-gt cruiseships would be delivered from 2022 if confirmed.
Other sources put a price tag of $700m on each ship as NCL follows global rivals in securing yard capacity well into the next decade.
