NCLH · 8-K · 20261015PR116254
Debt Refinancing and Liquidity
Norwegian Cruise Line Holdings Ltd. · 2026-10-15 · Importance 64 · Surprise 42 · In source text
NCL Corporation Ltd. proposed a private offering of $750.0 million of senior notes due 2031. It plans to use the proceeds, together with cash on hand, to redeem all outstanding 6.125% senior notes due 2028 issued by NCL Finance, Ltd. The planned uses also include repaying approximately $176.3 million of borrowings under NCLC’s senior secured revolving loan facility and prepaying approximately $42.2 million under export-credit backed financing facilities, plus accrued interest, transaction premiums, fees and expenses. Redemption of the 2028 Notes is conditioned on completion of the offering.
Key facts
- NCL Corporation Ltd. intended to use offering proceeds, together with cash on hand, to repay approximately $176.3 million of outstanding borrowings under its existing senior secured revolving loan facility. source
- NCL Corporation Ltd. intended to use offering proceeds, together with cash on hand, to prepay approximately $42.2 million of outstanding borrowings under its export-credit backed financing facilities. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| liability | positive | probable | — | NCL Corporation Ltd. intended to use offering proceeds, together with cash on hand, to repay approximately $176.3 million of outstanding… |
| cash | negative | probable | — | NCL Corporation Ltd. intended to use offering proceeds, together with cash on hand, to repay approximately $176.3 million of outstanding… |
| liability | positive | probable | — | NCL Corporation Ltd. intended to use offering proceeds, together with cash on hand, to prepay approximately $42.2 million of outstanding… |
| cash | negative | probable | — | NCL Corporation Ltd. intended to use offering proceeds, together with cash on hand, to prepay approximately $42.2 million of outstanding… |