Norwegian Cruise Line is seeking to raise up to $250 million in an initial public offering, Reuters reports. The Miami, Florida-based company intends to use the proceeds to repay debt.

The global cruise line operator, which will become the parent company of NCL Corporation, will list its shares on the NASDAQ. UBS, Barclays Capital and Goldman Sachs are the underwriters of the IPO.

Click here for the story from Reuters.