Norwegian Cruise Line Holdings Ltd. Increases Total Commitment for Bahamas Hurricane Relief to $2 Million

Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH), a leading global cruise company which operates the Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises brands, today announced the increase of its total commitment to its Hope Starts Here hurricane relief campaign in partnership with All Hands and Hearts, to $2 million, inclusive of its matching contributions.  All Hands and Hearts will use these funds for the emergency response efforts across the Bahamas, including debris cleanup and removal, and the rebuilding of community infrastructure such as houses or schools.     

The company will also resume calls to the Bahamas and its private island, Great Stirrup Cay, later this week. Great Stirrup Cay, experienced minimal beach erosion as a result of the storm, and has already been restored with sand that had been previously ordered.

“We understand that tourism represents a significant portion of the Bahamas’ annual GDP and we are actively involved in helping our neighbors get back on their feet by returning to the islands and providing them with the supplies necessary to rebuild along with the needed economic support that tourism brings,” said Frank Del Rio, president and chief executive officer of Norwegian Cruise Line Holdings Ltd. “The response to our Hope Starts Here hurricane relief campaign has been so overwhelming, we have increased our total commitment to $2 million. We encourage our guests to join us by continuing to support and visit this beautiful destination.”

Norwegian Cruise Line Holdings Ltd. continues to coordinate with local Bahamian authorities to bring needed provisions to the affected areas.  On September 5, Norwegian Breakaway departed Miami with hurricane relief supplies donated by Norwegian Cruise Line Holdings Ltd.  employees, in addition to items collected by the City of Miami, Baptist Health South Florida, the 305 Gives Back foundation, and other organizations, which were delivered to Nassau, and the company’s private island Great Stirrup Cay, Bahamas.  The company will continue to transport supplies to the Bahamas each week on Norwegian Sky and Norwegian Sun to support shelters in Nassau for Abaco evacuees.

“It is becoming ever more evident that the scale of Hurricane Dorian’s devastation on the Bahamas is unprecedented,” said Erik Dyson, chief executive officer of All Hands and Hearts. “As such, Norwegian’s generous commitment of $2 million is critical to support our efforts to come early and stay late to help those in need.”

To support the hurricane relief efforts of Hope Starts Here, please visit http://www.nclhltd.com/hurricanerelief.

 

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About All Hands and Hearts

All Hands and Hearts is a volunteer-powered nonprofit that effectively and efficiently addresses the immediate and long-term needs of communities impacted by natural disasters around the globe. By listening to local people, and deploying our direct-impact model, we are able to rebuild safe, resilient schools, homes and other community infrastructure. Learn more at allhandsandhearts.org. 

About Norwegian Cruise Line Holdings Ltd.

Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) is a leading global cruise company which operates the Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises brands.  With a combined fleet of 26 ships with approximately 54,400 berths, these brands offer itineraries to more than 450 destinations worldwide. The Company will introduce eleven additional ships through 2027.

Cautionary Statement Concerning Forward-Looking Statements

Certain statements in this release constitute forward-looking statements within the meaning of the U.S. federal securities laws intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts contained in this release, including, without limitation, those regarding our objectives for charitable contributions, are forward-looking statements. Many, but not all, of these statements can be found by looking for words like “expect,” “anticipate,” “goal,” “plan,” “believe,” “will,” “may,” “intend,” and similar words. Forward-looking statements do not guarantee future performance and may involve risks, uncertainties and other factors which could cause our actual results, performance or achievements to differ materially from the future results, performance or achievements expressed or implied in those forward-looking statements. Examples of these risks, uncertainties and other factors include, but are not limited to the impact of: adverse events impacting the security of travel, such as terrorist acts, armed conflict and threats thereof, acts of piracy, and other international events; adverse incidents involving cruise ships; adverse general economic and related factors, such as fluctuating or increasing levels of unemployment, underemployment and the volatility of fuel prices, declines in the securities and real estate markets, and perceptions of these conditions that decrease the level of disposable income of consumers or consumer confidence; the spread of epidemics and viral outbreaks; breaches in data security or other disturbances to our information technology and other networks; the risks and increased costs associated with operating internationally; changes in fuel prices and/or other cruise operating costs; fluctuations in foreign currency exchange rates; our expansion into and investments in new markets;  overcapacity in key markets or globally; the unavailability of attractive port destinations; our inability to obtain adequate insurance coverage; evolving requirements and regulations regarding data privacy and protection and any actual or perceived compliance failures by us; our indebtedness and restrictions in the agreements governing our indebtedness that limit our flexibility in operating our business, including the significant portion of assets that are collateral under these agreements; volatility and disruptions in the global credit and financial markets, which may adversely affect our ability to borrow and could increase our counterparty credit risks, including those under our credit facilities, derivatives, contingent obligations, insurance contracts and new ship progress payment guarantees; our inability to recruit or retain qualified personnel or the loss of key personnel; delays in our shipbuilding program and ship repairs, maintenance and refurbishments; our reliance on third parties to provide hotel management services to certain ships and certain other services; future increases in the price of, or major changes or reduction in, commercial airline services; amendments to our collective bargaining agreements for crew members and other employee relation issues;  pending or threatened litigation, investigations and enforcement actions; our inability to keep pace with developments in technology; seasonal variations in passenger fare rates and occupancy levels at different times of the year; changes involving the tax and environmental regulatory regimes in which we operate; and other factors set forth under “Risk Factors” in our most recently filed Annual Report on Form 10-K, Quarterly Report on Form 10-Q and subsequent filings by the Company with the Securities and Exchange Commission. The above examples are not exhaustive and new risks emerge from time to time. Such forward-looking statements are based on our current beliefs, assumptions, expectations, estimates and projections regarding our present and future business strategies and the environment in which we expect to operate in the future. These forward-looking statements speak only as of the date made. We expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statement contained herein to reflect any change in our expectations with regard thereto or any change of events, conditions or circumstances on which any such statement was based, except as required by law.

 

Investor Relations & Media Contact

Andrea DeMarco

(305)468-2339

InvestorRelations@nclcorp.com

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Author: Norwegian Cruise Line

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