The company said its subsidiary NCL Corporation Ltd. closed the private placement of $950.0 million in senior notes due 2031 at 8.750% on October 15, 2026, and that net proceeds after deducting the initial purchasers' discount were approximately $941.7 million.

1. 01

   The company said its subsidiary NCL Corporation Ltd. closed the private placement of $950.0 million in senior notes due 2031 at 8.750% on October 15, 2026, and that net proceeds after deducting the initial purchasers' discount were approximately $941.7 million.

2. 02

   The company said it used the net proceeds and cash on hand to redeem all of its 6.125% 2028 notes, and to prepay about $376.3 million of revolving loan facility borrowings and about $42.2 million of export-credit backed financing.

3. 03

   The company said the new notes bear interest at 8.750% per year, payable semi-annually in arrears on April 15 and October 15, and mature on October 15, 2031. It said the notes may be redeemed early at a make-whole amount plus accrued interest before October 15, 2028.

4. 04

   The company said the 3rd amendment to the Seventh Amended and Restated Credit Agreement increased total lender commitments under the existing revolving loan facility from $2,486.0 million to $2,801.0 million, and that the facility matures on January 22, 2030.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

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

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.