The company said its subsidiary NCLC closed the exchange on April 7, 2025 of 5.375% Exchangeable Senior Notes due 2025 with a principal amount of $353,876,000 for 0.875% Exchangeable Senior Notes due 2030 with a principal amount of $353,876,000, a cash payment of $64,005,553, and accrued and unpaid interest.

1. 01

   The company said its subsidiary NCLC closed the exchange on April 7, 2025 of 5.375% Exchangeable Senior Notes due 2025 with a principal amount of $353,876,000 for 0.875% Exchangeable Senior Notes due 2030 with a principal amount of $353,876,000, a cash payment of $64,005,553, and accrued and unpaid interest.

2. 02

   The company said the 2030 Notes pay interest at 0.875% per year semi-annually on April 15 and October 15, and mature on April 15, 2030. The initial exchange price is approximately $26.21, and each $1,000 principal amount exchanges for 38.1570 ordinary shares.

3. 03

   The company completed 2 registered direct offerings on April 7, 2025, selling 2,708,533 and 649,565 ordinary shares at $19.06 per share. The company said it used the net proceeds and cash on hand for the Cash Payment.

4. 04

   The company said NCLC may redeem the 2030 Notes for cash after April 20, 2028 if the last reported sale price of ordinary shares is at least 130% of the exchange price for a specified number of trading days. The company said that upon a fundamental change, NCLC must offer to repurchase the notes at 100% of principal plus accrued unpaid interest.

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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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