NCLH secures ~€1.7B additional debt to enlarge four Prima-class ships and add methanol capability

Norwegian Cruise Line Holdings Ltd.

Amended six credit facilities to add ~€1.7B in total commitments for ship preparation and modifications.
Last four Prima-class vessels (Leonardo Three to Six) to see gross tonnage increase of 10-20% vs Norwegian Prima and Viva.
Leonardo Five and Six modifications include future methanol fuel capability to reduce greenhouse gas emissions.
Financing also covers Explorer III and O Class Plus Two newbuilds; amendments effective April 28, 2023.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Norwegian Cruise Line Holdings Ltd. amended Leonardo Six Amendment Agreement with Crédit Agricole Corporate and Investment Bank, BNP Paribas Bank, as SACE agent, and HSBC Corporate Trustee Company (UK) Limited valued at approximately €1.7 billion (effective 2023-04-06).

Action: amendment
Agreement: credit facility
Counterparty: Crédit Agricole Corporate and Investment Bank, BNP Paribas Bank, as SACE agent, and HSBC Corporate Trustee Company (UK) Limited
Value: approximately €1.7 billion
Effective: 2023-04-06

Exact text from the filing

NCLC entered into an amendment and restatement agreement (the “Leonardo Six Amendment Agreement”), dated as of April 6, 2023

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Norwegian Cruise Line Holdings Ltd. amended Leonardo Five Amendment Agreement with Crédit Agricole Corporate and Investment Bank, BNP Paribas Bank, as SACE agent, and HSBC Corporate Trustee Company (UK) Limited valued at approximately €1.7 billion (effective 2023-04-06).

Action: amendment
Agreement: credit facility
Counterparty: Crédit Agricole Corporate and Investment Bank, BNP Paribas Bank, as SACE agent, and HSBC Corporate Trustee Company (UK) Limited
Value: approximately €1.7 billion
Effective: 2023-04-06

Exact text from the filing

NCLC entered into an amendment and restatement agreement (the “Leonardo Five Amendment Agreement”), dated as of April 6, 2023

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Norwegian Cruise Line Holdings Ltd. amended Leonardo Four Amendment Agreement with KfW IPEX-Bank GmbH, BNP Paribas Fortis S.A./N.V., HSBC Bank PLC and Cassa Depositi e Prestiti S.P.A. valued at approximately €1.7 billion (effective 2023-04-06).

Action: amendment
Agreement: credit facility
Counterparty: KfW IPEX-Bank GmbH, BNP Paribas Fortis S.A./N.V., HSBC Bank PLC and Cassa Depositi e Prestiti S.P.A.
Value: approximately €1.7 billion
Effective: 2023-04-06

Exact text from the filing

NCLC entered into an amendment and restatement agreement (the “Leonardo Four Amendment Agreement”), dated as of April 6, 2023

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Norwegian Cruise Line Holdings Ltd. amended Leonardo Three Amendment Agreement with HSBC Bank PLC, BNP Paribas Fortis S.A./N.V., KfW IPEX-Bank GmbH and Cassa Depositi e Prestiti S.P.A. valued at approximately €1.7 billion (effective 2023-04-06).

Action: amendment
Agreement: credit facility
Counterparty: HSBC Bank PLC, BNP Paribas Fortis S.A./N.V., KfW IPEX-Bank GmbH and Cassa Depositi e Prestiti S.P.A.
Value: approximately €1.7 billion
Effective: 2023-04-06

Exact text from the filing

NCLC entered into an amendment and restatement agreement (the “Leonardo Three Amendment Agreement”), dated as of April 6, 2023

View on SEC.gov

23 material agreements filed in the last 30 days. Browse all material agreements →

Norwegian Cruise Line Holdings Ltd. filing history →

Source: SEC EDGAR

accession 0001104659-23-055027

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