NCL Corporation Announces $1.8B Senior Notes Offering and Related Redemptions

Details

The net proceeds, amounting to approximately $1.782 billion, were used to redeem $1.2 billion of 5.875% Senior Notes due 2026 and $600 million of 8.375% Senior Secured Notes due 2028. Simultaneously, NCL Corporation entered into a Seventh Amended and Restated Credit Agreement, increasing the revolving loan facility to $1.7 billion, and issued a First Supplemental Indenture to secure the 2029 Secured Notes. The redemption of the 2028 Secured Notes, issued in February 2023, was also completed on January 22, 2025.

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Exhibits (5)

About Norwegian Cruise Line Holdings Ltd.

Norwegian Cruise Line Holdings Ltd. is a prominent player in the travel and leisure industry, primarily focused on delivering unique and memorable cruise experiences. The company operates under three brands: Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises, offering a diverse range of itineraries across the globe. Its cruises cater to various customer preferences, from budget-friendly expeditions to luxurious, all-inclusive experiences. Norwegian's state-of-the-art fleet is renowned for its comfortable accommodations, innovative onboard entertainment, and diverse dining options. By continually enhancing vacation experiences, the company plays a significant role in the global tourism sector. As a publicly traded entity, Norwegian Cruise Line Holdings Ltd. reflects trends in consumer preferences and economic conditions, influencing and responding to changes in the broader leisure travel market. Its operations are intricately linked to macroeconomic factors like discretionary consumer spending and fuel prices, positioning it as a bellwether for travel industry health.