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Norwegian Cruise Line Set to Join S&P 500; Pacific Premier Bancorp to Join S&P SmallCap 600

NEW YORK, Oct. 4, 2017 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes in the S&P 500 and S&P SmallCap 600 indices:

  • Norwegian Cruise Line Holdings Ltd. (NASD: NCLH) will replace Level 3 Communications Inc. (NYSE: LVLT) in the S&P 500 effective before the open of trading on Friday, October 13. S&P 500 constituent CenturyLink Inc. (NYSE: CTL) is acquiring Level 3 Communications in a deal expected to be completed on or about that date pending final approvals. Post acquisition, CenturyLink will change its Global Industry Classification Standard (GICS) Sub-Industry group from Integrated Telecommunication Services to Alternative Carriers.

  • Pacific Premier Bancorp Inc. (NASD: PPBI) will replace Parkway Inc. (NYSE: PKY) in the S&P SmallCap 600 effective before the open of trading on Thursday, October 12. Canada Pension Investment Board is acquiring Parkway in a deal expected to be completed on or about that date pending final approvals.

Norwegian Cruise Line Holdings operates as a cruise company. Headquartered in Miami, FL, the company will be added to the S&P 500 GICS Hotels, Resorts & Cruise Lines Sub-Industry index.

Pacific Premier Bancorp provides banking services to businesses, professionals, real estate investors, and non-profit organizations. Headquartered in Irvine, CA, the company will be added to the S&P SmallCap 600 GICS Regional Banks Sub-Industry index.

Following is a summary of the changes:

S&P SMALLCAP 600 INDEX – OCTOBER 12, 2017


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Pacific Premier
Bancorp

Financials

Regional Banks

DELETED

Parkway

Real Estate

Office REITs



S&P 500 INDEX – OCTOBER 13, 2017


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Norwegian
Cruise Line

Consumer Discretionary

Hotels, Resorts & Cruise
Lines

DELETED

Level 3
Communications

Telecommunication Services

Alternative Carriers

For more information about S&P Dow Jones Indices, please visit www.spdji.com.

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S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spdji.com.

FOR MORE INFORMATION:

S&P Dow Jones Indices
index_services@spglobal.com

David Blitzer
Managing Director and Chairman of the Index Committee
New York, USA
(+1) 212 438 3907
david.blitzer@spglobal.com

Soogyung Jordan
Global Head of Communications
New York, USA
(+1) 212 438 2297
soogyung.jordan@spglobal.com

Luke Shane
North America Communications
New York, USA
(+1) 212 438 8184
luke.shane@spglobal.com

Haw-Yan Man
EMEA Communications
London, UK
(+44) 207 176 3023
haw-yan.man@spglobal.com

Cecilia Ho
Asia Pacific Communications
Hong Kong, HK
(+852) 2532 8061
cecilia.ho@spglobal.com

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SOURCE S&P Dow Jones Indices