Norwegian out with capital raise terms

As part of its restructuring proposal, Norwegian has issued terms for its contemplated capital raise of up to NOK 6,000 million. The deal comprises: an offering of new capital perpetual bonds raising gross proceeds of up to NOK 1,875 million; a rights issue raising gross proceeds of up to NOK 395 million (the company will issue 63,076,638 new shares at a subscription price of NOK 6.26 per share); and a private placement of up to 958,466,453 new shares at a subscription price of NOK 6.26 per share and will raise maximum gross proceeds of less than NOK 6,000 million. On