Norwegian Cruise Line Holdings Ltd. (NCLH) Form 8-K — Oct 15, 2026
Norwegian Cruise Line Holdings' subsidiary NCLC closed a $950.0 million private offering of 8.750% senior notes due 2031 on October 15, 2026, netting approximately $941.7 million. The proceeds plus cash on hand were used to redeem all $525.0 million of 6.125% senior notes due 2028, repay $376.3 million of revolver borrowings, and prepay $42.2 million of export-credit backed facilities. The company also amended its revolving credit facility, increasing commitments by $315.0 million to $2,801.0 million and swapping guarantors and collateral, including adding Norwegian Epic and Pride of America vessels.
Key figures
- Debt Amount
- 950000000
- Interest Rate
- 8.75
- Maturity Date
- 2031-10-15
- Gross Proceeds
- 941700000
- Equity clawback
- up to 40% of notes at 108.750%
- Revolver increase
- $2,486.0 million to $2,801.0 million
- Redeemed 2028 notes
- $525.0 million at 6.125%
- Change of control put
- 101% of principal
- Repaid revolver borrowings
- $376.3 million
- Repaid export credit borrowings
- $42.2 million
AI analysis
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