Norwegian Cruise Line Holdings Ltd. said it won’t be able to remain in business without a significant influx of money as the coronavirus pandemic has halted global travel and battered the company. The cruise line on Tuesday said it is seeking to raise about $2 billion in debt and equity, which includes a $400 million investment from a private-equity firm. The financing, along with other measures, would give it a $3 billion cash cushion that would allow it to survive even if it couldn’t sail again for more than a year.

Source: Wall Street Journal May 05, 2020 17:15 UTC