And so it begins ... the first crack .. NCL admits it might fail

I have no doubt there will be investors to fill the demand vacuum of those business enterprises which fail. What concerns me over the cruise industry, is that they may have a business model today that is destined for the dust bin of history. Are the huge mega ships with close to 9000 guests and crew going to survive even infrequent epidemics or pandemics like we are beginning to experience in the contemporary world?

After all, for some time now, there has been a retail apocalypse the closing of numerous North American brick-and-mortar retail stores. This rash of bankruptcies and store closings is expected to greatly intensify due to the coronavirus pandemic, already struggling mall-based retailers which have been closing for extended periods of time anyway. In 2017 a report dubbed this phenomenon the "Amazon effect," and calculated that Amazon.com was generating greater than 50% of the growth of retail sales.

Maybe the cruise industry is going to revert back to smaller ships offering cruise experiences of longer duration to more remote ports.

It would be, except that isn't what they eventually did. If you review some of the posts after the initial "offer", it becomes clear what their "private investors" wanted...NCL wasn't driving the bus. but frankly I don't care if its NCL or XYZ...just get me on a properly run ship thankyou. Im suffering from withdrawal....

12-14% on a few million over the course of 5 years is Big money (In our world). In the world of the Multi Millionaire, making a return of $700,000 on a $5,000,000 investment might not be enough...

I think they will be okay.

Currently where I live, many small businesses and even some of the more traditionally large and stable companies may not make it through another 4 weeks of shutdowns. Many of my former customers have shut down. Restaurants who do not depend on take out and delivery will not survive. A billionaire owner of a cruise line will maybe take a hit, but I do feel for all the small suppliers, business owners and staff who may never recover fully from these times. We may be looking at a whole new way of cruising if cruising returns in 2021.

It was...but this deal is better for the folks putting up the $$...they get the diluted shares at a huge discount, betting that after a year or three, they'll have even more dough than some countries...they only people getting a haircut, as usual, are current bagholders....

Looks like they have it under control: https://www.usatoday.com/story/travel/cruises/2020/05/06/norwegian-cruise-line-rescued-day-after-warns-its-demise/5176598002/

I guess the bond issue wasn't required. Some private investors came in for an equity stake an there will be more stock issued. Thought the original plan was to issue bonds (12ish% rate).

Looks like they got their financing, as I suspected they would...and now claim they can survive "worst case" whatever they think that is...

Waiting and watching the goings on. I suspect the cruise lines will still exist as the market is there and contrary to what some say will continue to grow. The big question will be who owns what and what it will cost us to feed our addiction.