Groupon Announces $244 Million Financing Transaction June 18, 2025 7:30 AM EDT | Source: Groupon Chicago, Illinois--(Newsfile Corp. - June 18, 2025) - Groupon, Inc. (NASDAQ: GRPN) announced that it has entered into privately negotiated agreements with certain of the holders (the "Offering Participants") of its existing (a) 1.125% Convertible Senior Notes due 2026 (the "2026 Notes") and (b) 6.25% Convertible Senior Secured Notes due 2027 (the "2027 Notes") to (i) exchange an aggregate principal amount of $20 ...

Core Viewpoint - Norwegian Cruise Line Holdings Ltd. and its subsidiary NCL Corporation Ltd. have entered into note exchange agreements to exchange existing 5.375% Exchangeable Senior Notes due 2025 for newly issued 0.875% Exchangeable Senior Notes due 2030, along with a cash payment [1][2]. Group 1: Transactions Overview - NCL Corporation Ltd. will exchange $285,425,000 in aggregate principal amount of 2025 Notes for $285,425,000 in newly issued 2030 Notes and a cash payment of $51,624,820 [1]. - The cash payment will be funded by proceeds from a concurrent Equity Offering of 2,708,533 ordinary shares at a price of $19.06 per share [2]. - The closing of these transactions is expected around April 7, 2025, with approximately $164,565,000 of the 2025 Notes remaining outstanding post-transaction [3]. Group 2: Notes Details - The 2030 Notes will be general senior unsecured obligations of NCL Corporation Ltd. and guaranteed by Norwegian Cruise Line Holdings Ltd. [4]. - Holders of the 2030 Notes can exchange them at any time before October 15, 2029, and thereafter until the maturity date, with an initial exchange rate of 38.1570 ordinary shares per $1,000 principal amount [4]. - The initial exchange price of approximately $26.21 per ordinary share represents a premium of about 37.5% over the offering price in the Equity Offering [4]. Group 3: Offering and Placement - Barclays Capital Inc. is acting as the exclusive placement agent for the Equity Offering, which is made under an automatic shelf registration statement filed with the SEC [5]. - The 2030 Notes are issued in a private placement relying on the exemption from registration under the Securities Act of 1933 [6].