The company said its subsidiary NCL Corporation Ltd. closed a private offering of $1,800.0 million in 6.750% senior notes due 2032 on January 22, 2025, and that net proceeds after deducting the initial purchasers' discount were about $1,782.0 million.

1. 01

   The company said its subsidiary NCL Corporation Ltd. closed a private offering of $1,800.0 million in 6.750% senior notes due 2032 on January 22, 2025, and that net proceeds after deducting the initial purchasers' discount were about $1,782.0 million.

2. 02

   The company said the subsidiary used the net proceeds and cash on hand to redeem 5.875% Senior Notes due 2026 totaling $1,200.0 million and 8.375% Senior Secured Notes due 2028 totaling $600.0 million, and to pay related premiums and fees.

3. 03

   The company said its subsidiary entered into a Seventh Amended and Restated Credit Agreement that raised the total commitments under the Revolving Loan Facility from $1,200,000,000 to $1,700,000,000. It said the facility matures on January 22, 2030, and may mature earlier under certain conditions.

4. 04

   The company said its subsidiary entered into a Supplemental Indenture for its 8.125% Senior Secured Notes due 2029, providing a Collateral Swap that secures those notes with the same collateral as the Revolving Loan Facility. It said both obligations are now guaranteed by the same guarantors and secured by the same collateral on a pari passu basis.

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Original filing

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