Norwegian Cruise Line today announced the signing of a memorandum of agreement to exercise its option to purchase Norwegian Sky.  The transaction is expected to close shortly.

The Company currently operates Norwegian Sky under a Bareboat Charter with a purchase option from Ample Avenue, an indirect wholly-owned subsidiary of Genting Hong Kong Limited, a 50% owner of the Company.  The purchase price is approximately $260 million pursuant to the option under the Bareboat Charter. 

Financing is being provided by the seller.

The 2,002-berth Norwegian Sky currently operates three and four-night voyages year-round from Miami, Florida.