Weil advised Norwegian Cruise Line Holdings Ltd. (Norwegian) in connection with its acquisition of Prestige Cruises International, Inc. (Prestige). The $3.025 billion deal in cash and stock includes the assumption of debt. An additional, contingent cash payment of up to $50 million would be available to Prestige shareholders upon realization of certain 2015 performance metrics.

Norwegian is a leading global cruise operator. Acquiring Prestige, the market leader in upscale cruises and parent company of Oceania Cruises and Regent Seven Seas Cruises, adds eight luxury ships that operate at approximately 6,500 berths to Norwegian’s fleet.

The Weil team advising Norwegian was led by Corporate partner Douglas Ryder and associate Garrett Charon and included Corporate Associates Sanil Padiyedathu, Elliott DeRemer and Andrew Chon.  In addition, the team included Banking and Finance partner Andrew Colao and associates Brandon Cherry and Young Lee; Capital Markets partner Todd Chandler and associates Raghav Thapar, Jennifer Waisberg and Jessica Wang; Executive Compensation and Employee Benefits partner Paul Wessel and associates Joshua Gelfand and Amanda Rosenblum; Tax partners David Bower and Jared Rusman and associates Mark Dundon and Lane Morgan; Litigation partners Greg Danilow and Richard Slack; Antitrust partners Steven Newborn and Laura Wilkinson and counsel John Sipple; Environmental Transactions partner Annemargaret Connolly and counsel Matthew Morton; Technology and IP Transactions partner Jeffrey Osterman and associate Jeremy Hutcher; Real Estate partner Samuel Zylberberg and associate Jannelle Seales; Securities Litigation partner Steve Tyrrell; International Arbitration and Trade partner Chip Roh and associate Erin Yates; Employment Litigation counsel Lawrence Baer and associate Ami Zweig.