May 6 (Reuters)– Norwegian Cruise Line Holdings Ltd has actually increased over $2.2 billion via financial obligation and also equity offerings, offering the cash-strapped cruise ship driver much-needed funds to endure extensive trip suspensions because of the COVID-19 pandemic.

The firm alerted on Tuesday that it may not have funds to maintain its service competing the following year. With the brand-new fund raising, the firm currently anticipates to have $3.5 billion in liquidity, sufficient to last it for greater than year of trip suspensions.

The pandemic has actually stopped worldwide traveling and also properly closed down the cruise liner and also airline company sectors, with firms currently hemorrhaging cash money and also rushing for brand-new funds to come through the downturn that can last much longer than anticipated.

Norwegian formerly claimed it intended to reactivate cruise ship procedures on July 1.

Norwegian claimed the brand-new cash money shot of $2.23 billion, makes up $400 million in brand-new equity, $1.43 billion in bond offerings and also a $400 million financial investment from exclusive equity company L Catterton.

The firm claimed it currently anticipates to currently have around $3.5 billion of liquidity. (Reporting by Uday Sampath in Bengaluru; Editing by Saumyadeb Chakrabarty)

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