secwatch.observer — SEC 8-K summary
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Issuer:     Norwegian Cruise Line Holdings Ltd. (NCLH)
CIK:        0001513761
Form:       8-K
Filed at:   2023-02-27T23:59:59+00:00
Accession:  0001104659-23-026003
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NCLH subsidiary enters $650M senior secured notes facility, issues $250M Class A Notes
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- NCL Corporation Ltd. entered a second amended commitment letter with Apollo funds for up to $650M of senior secured notes.
- Issued $250M of 9.75% senior secured Class A Notes due 2028, with proceeds for general corporate purposes.
- Entered a backstop agreement with Morgan Stanley for up to $300M of unsecured notes to refinance 2024 maturities.
- Apollo funds committed to purchase up to $250M Class B Notes at 11% interest and $400M Backstop Notes at 8%.
- The Class A Notes are secured by first-priority interests in certain guarantor stock, IP, and two islands.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1513761/000110465923026003/0001104659-23-026003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1513761/000110465923026003/tm237748d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-026003

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