---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-128260"
form_type: "8-K"
ticker: "NCLH"
cik: "0001513761"
company_name: "Norwegian Cruise Line Holdings Ltd."
filed_at: "2022-12-19T23:59:59+00:00"
generated_at: "2026-06-21T02:28:44.308308+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "low"
source: SEC EDGAR
---

# NCLH amends 16 credit facilities to revise financial covenants across its fleet

## Summary
- Amendments cover vessels under Norwegian, Oceania, and Regent Seven Seas brands.
- Covenants modified include net debt to capitalization, free liquidity, and EBITDA to debt service.
- Amendments dated December 13-16, 2022; some effective upon completion of conditions.
- Borrowers include indirect subsidiaries; NCL Corp Ltd guarantees all facilities.

## SEC filing metadata
- accession: 0001104659-22-128260
- form_type: 8-K
- ticker: NCLH
- cik: 0001513761
- company_name: Norwegian Cruise Line Holdings Ltd.
- filed_at: 2022-12-19T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: low
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1513761/000110465922128260/0001104659-22-128260-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1513761/000110465922128260/tm2232741d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-128260
- JSON: https://secwatch.observer/filing/0001104659-22-128260.json
- Plain text: https://secwatch.observer/filing/0001104659-22-128260.txt

## Key facts
- Material Agreements
  Norwegian Cruise Line Holdings Ltd. amended First Side Letter with KfW IPEX-Bank GmbH and Commerzbank Aktiengesellschaft (effective 2022-12-13).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: KfW IPEX-Bank GmbH and Commerzbank Aktiengesellschaft
  - Effective: 2022-12-13
  source text: On December 13, 2022, NCLC entered into a side letter (the “First Side Letter”), among Seahawk One, Ltd., Seahawk Two, Ltd., Breakaway One, Ltd. and Breakaway Two, Ltd., each an indirect subsidiary of NCLC, as borrowers, NCLC, as guarantor, NCL International, Ltd., an indirect subsidiary of NCLC, as shareholder, KfW IPEX-Bank GmbH, as CIRR agent and facility agent under the Credit Agreements and as Hermes agent under the Seahawk One Credit Agreement and the Seahawk Two Credit Agreement (each as defined below), and Commerzbank Aktiengesellschaft, as Hermes agent under the Breakaway One Credit Agreement and the Breakaway Two Credit Agreement (each as defined below),
  evidence_url: https://www.sec.gov/Archives/edgar/data/1513761/000110465922128260/0001104659-22-128260-index.htm
- Material Agreements
  Norwegian Cruise Line Holdings Ltd. amended Explorer Supplemental Agreement with Crédit Agricole Corporate and Investment Bank, Société Générale, and KfW IPEX-Bank GmbH (effective 2022-12-16).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Crédit Agricole Corporate and Investment Bank, Société Générale, and KfW IPEX-Bank GmbH
  - Effective: 2022-12-16
  source text: NCLC entered into a supplemental agreement (the “Explorer Supplemental Agreement”), dated December 16, 2022 and which becomes effective upon the completion of certain conditions, among Explorer New Build, LLC, an indirect subsidiary of NCLC, as borrower, NCLC, as guarantor, the Company, and Seven Seas Cruises S. de R.L., an indirect subsidiary of NCLC, as charterer and shareholder, the lenders party thereto, Crédit Agricole Corporate and Investment Bank, Société Générale and KfW IPE
  evidence_url: https://www.sec.gov/Archives/edgar/data/1513761/000110465922128260/0001104659-22-128260-index.htm
- Material Agreements
  Norwegian Cruise Line Holdings Ltd. amended Second Side Letter with KfW IPEX-Bank GmbH (effective 2022-12-13).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: KfW IPEX-Bank GmbH
  - Effective: 2022-12-13
  source text: On December 13, 2022, NCLC entered into another side letter (the “Second Side Letter”), among Breakaway Three, Ltd. and Breakaway Four, Ltd., each an indirect subsidiary of NCLC, as borrowers, NCLC, as guarantor, NCL International, Ltd., an indirect subsidiary of NCLC, as shareholder, and KfW IPEX-Bank GmbH as CIRR agent, Hermes agent and facility agent,
  evidence_url: https://www.sec.gov/Archives/edgar/data/1513761/000110465922128260/0001104659-22-128260-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.