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Form 8-K · Current Report · Filed 2026-05-29

NCL Corporation Elects Cash Settlement for Senior Notes

On May 29, 2026, NCL Corporation Ltd., a subsidiary of Norwegian Cruise Line Holdings Ltd., elected to irrevocably fix the Settlement Method to Cash Settlement for all exchanges of its 1.125% and 2.50% Exchangeable Senior Notes due 2027.

Filer
Norwegian Cruise Line Holdings Ltd. NCLH · NYSE
Filed
Accession
0001104659-26-068271
CIK
0001513761
Signal
Medium impactConsumer Cyclical

Details

This election, effective from May 29, 2026, will result in all exchanges of these Notes being settled by payment in cash. The decision is expected to reduce the diluted weighted-average shares outstanding guidance issued on May 4, 2026 by approximately 2 million shares for the quarter ending June 30, 2026 and approximately 4 million shares for the year ending December 31, 2026.

Items reported

Item events

Reported Item

Contract Termination

Market reaction

Close before filing

$18.28

Next session

-1.2%

Since filing

+1.4%

Latest close

$18.53

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from NCLH reporting the same item, with the next session's move:

Insider tape

Within 45 days of this filing, NCLH insiders reported 10 Form 4 transactions — net buying of $29.2M.

Full NCLH insider history →

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.

Exchange NYSE Industry Travel Services Company website ↗

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