The company said its subsidiary NCLC entered into a second exchange on April 2, 2025, under which it would exchange $68,451,000 in principal of its 2025 Notes for new 0.875% Exchangeable Senior Notes due 2030 with a principal amount of $68,451,000 and a cash payment of $12,380,732.

1. 01

   The company said its subsidiary NCLC entered into a second exchange on April 2, 2025, under which it would exchange $68,451,000 in principal of its 2025 Notes for new 0.875% Exchangeable Senior Notes due 2030 with a principal amount of $68,451,000 and a cash payment of $12,380,732.

2. 02

   The company said it announced a second registered direct offering of 649,565 ordinary shares at $19.06 per share to holders of its 2025 Notes on April 3, 2025. It said it expects to use the net proceeds from the offering, together with cash on hand, to make the cash payment.

3. 03

   NCL Holding said approximately $96,114,000 in principal of its 2025 Notes will remain outstanding after the exchange, and that the transactions are expected to close on or about April 7, 2025, subject to customary closing conditions.

4. 04

   The company said the transactions will be neutral to its leverage and are expected to reduce its shares outstanding on a fully diluted basis by approximately 15.5 million shares at closing.

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AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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