secwatch / observer
8-K filed May 2, 2023, 7:59 PM ET CIK 0001318742
debt confidence high sentiment neutral materiality 0.65

NCL CORP Ltd.: debt financing — NCL Corp. amends ship credit facilities, adds ~€1.7B in commitments for Prima Class enlargement

NCL CORP Ltd.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

NCL CORP Ltd. amended credit facility of combined commitments under such facilities by approximately €1.7 billion with Leonardo Three, Ltd..

Instrument
credit facility
Principal
combined commitments under such facilities by approximately €1.7 billion
Counterparty
Leonardo Three, Ltd.
Event
amendment
Exact text from the filing
pril 6, 2023 and effective as of April 28, 2023, among Leonardo Three, Ltd., an indirect subsidiary of NCLC, as borrower, NCLC, as guarantor, NCL International, Ltd.
View on SEC.gov
Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

NCL CORP Ltd. amended credit facility of combined commitments under such facilities by approximately €1.7 billion with Leonardo Four, Ltd..

Instrument
credit facility
Principal
combined commitments under such facilities by approximately €1.7 billion
Counterparty
Leonardo Four, Ltd.
Event
amendment
Exact text from the filing
nd effective as of April 28, 2023, among Leonardo Four, Ltd., an indirect subsidiary of NCLC, as borrower, NCLC, as guarantor,
View on SEC.gov
Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

NCL CORP Ltd. amended credit facility of combined commitments under such facilities by approximately €1.7 billion with Leonardo Six, Ltd..

Instrument
credit facility
Principal
combined commitments under such facilities by approximately €1.7 billion
Counterparty
Leonardo Six, Ltd.
Event
amendment
Exact text from the filing
nd effective as of April 28, 2023, among Leonardo Six, Ltd., an indirect subsidiary of NCLC, as borrower, NCLC, as guarantor, NCLI, as shareholder, NCLH, the lenders party thereto, Crédit Agricole Corporate and Investment Bank, BNP Paribas
View on SEC.gov
Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

NCL CORP Ltd. amended credit facility of combined commitments under such facilities by approximately €1.7 billion with Leonardo Five, Ltd. at implementation of SOFR in substitution for LIBOR as a reference rate.

Instrument
credit facility
Principal
combined commitments under such facilities by approximately €1.7 billion
Counterparty
Leonardo Five, Ltd.
Rate
implementation of SOFR in substitution for LIBOR as a reference rate
Event
amendment
Exact text from the filing
nd effective as of April 28, 2023, among Leonardo Five, Ltd., an indirect subsidiary of NCLC, as borrower, NCLC, as guarantor, NCLI, as shareholder, NCLH, the lenders party thereto, Crédit Agricole Corporate and Investment Bank, BNP Paribas
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

NCL CORP Ltd. amended Leonardo Six Amendment Agreement with lenders party thereto, Crédit Agricole Corporate and Investment Bank, BNP Paribas Fortis S.A./N.V., HSBC Bank PLC, KfW IPEX-Bank GmbH, Cassa Depositi e Prestiti S.P.A., Banco Santander, S.A. and Société Générale (effective 2023-04-28).

Action
amendment
Agreement
credit facility
Counterparty
lenders party thereto, Crédit Agricole Corporate and Investment Bank, BNP Paribas Fortis S.A./N.V., HSBC Bank PLC, KfW IPEX-Bank GmbH, Cassa Depositi e Prestiti S.P.A., Banco Santander, S.A. and Société Générale
Effective
2023-04-28
Exact text from the filing
NCLC entered into an amendment and restatement agreement (the "Leonardo Six Amendment Agreement"), dated as of April 6, 2023 and effective as of April 28, 2023, among Leonardo Six, Ltd., an indirect subsidiary of NCLC, as borrower, NCLC, as guarantor, NCLI, as shareholder, NCLH, the lenders party thereto, Crédit Agricole Corporate and Investment Bank, BNP Paribas Fortis S.A./N.V., HSBC Bank PLC, KfW IPEX-Bank GmbH, Cassa Depositi e Prestiti S.P.A., Banco Santander, S.A. and Société Générale, as joint mandated lead arrangers, BNP Paribas, as facility agent, Crédit Agricole Corporate and Investment Bank, as SACE agent, and HSBC Corporate Trustee Company (UK) Limited, as security trustee, which amends and restates the Loan Agreement, dated as of December 19, 2018 (as amended, amended and restated, supplemented or otherwise modified prior to the date hereof, and as further amended by
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

NCL CORP Ltd. amended Leonardo Five Amendment Agreement with lenders party thereto, Crédit Agricole Corporate and Investment Bank, BNP Paribas Fortis S.A./N.V., HSBC Bank PLC, KfW IPEX-Bank GmbH, Cassa Depositi e Prestiti S.P.A., Banco Santander, S.A. and Société Générale (effective 2023-04-28).

Action
amendment
Agreement
credit facility
Counterparty
lenders party thereto, Crédit Agricole Corporate and Investment Bank, BNP Paribas Fortis S.A./N.V., HSBC Bank PLC, KfW IPEX-Bank GmbH, Cassa Depositi e Prestiti S.P.A., Banco Santander, S.A. and Société Générale
Effective
2023-04-28
Exact text from the filing
NCLC entered into an amendment and restatement agreement (the "Leonardo Five Amendment Agreement"), dated as of April 6, 2023 and effective as of April 28, 2023, among Leonardo Five, Ltd., an indirect subsidiary of NCLC, as borrower, NCLC, as guarantor, NCLI, as shareholder, NCLH, the lenders party thereto, Crédit Agricole Corporate and Investment Bank, BNP Paribas Fortis S.A./N.V., HSBC Bank PLC, KfW IPEX-Bank GmbH, Cassa Depositi e Prestiti S.P.A., Banco Santander, S.A. and Société Générale, as joint mandated lead arrangers, BNP Paribas, as facility agent, Crédit Agricole Corporate and Investment Bank, as SACE agent, and HSBC Corporate Trustee Company (UK) Limited, as security trustee, which amends and restates the Loan Agreement, dated as of December 19, 2018 (as amended, amended and restated, supplemented or otherwise modified prior to the date hereof, and as further amended by the Leonardo Five Amendment Agreement, the "Leonardo Five Credit Facility")
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

NCL CORP Ltd. amended Leonardo Four Amendment Agreement with lenders party thereto, KfW IPEX-Bank GmbH, BNP Paribas Fortis S.A./N.V., HSBC Bank PLC and Cassa Depositi e Prestiti S.P.A. (effective 2023-04-28).

Action
amendment
Agreement
credit facility
Counterparty
lenders party thereto, KfW IPEX-Bank GmbH, BNP Paribas Fortis S.A./N.V., HSBC Bank PLC and Cassa Depositi e Prestiti S.P.A.
Effective
2023-04-28
Exact text from the filing
NCLC entered into an amendment and restatement agreement (the "Leonardo Four Amendment Agreement"), dated as of April 6, 2023 and effective as of April 28, 2023, among Leonardo Four, Ltd., an indirect subsidiary of NCLC, as borrower, NCLC, as guarantor, NCLI, as shareholder, NCLH, the lenders party thereto, KfW IPEX-Bank GmbH, BNP Paribas Fortis S.A./N.V., HSBC Bank PLC and Cassa Depositi e Prestiti S.P.A., as joint mandated lead arrangers, BNP Paribas S.A., as agent and SACE agent, and BNP Paribas S.A., as security trustee, which amends and restates the Loan Agreement, dated as of April 12, 2017 (as amended, amended and restated, supplemented or otherwise modified prior to the date hereof, and as further amended by the Leonardo Four Amendment Agreement, the "Leonardo Four Credit Facility")
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

NCL CORP Ltd. amended Leonardo Three Amendment Agreement with lenders party thereto, 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 2023-04-28).

Action
amendment
Agreement
credit facility
Counterparty
lenders party thereto, 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
2023-04-28
Exact text from the filing
NCLC entered into an amendment and restatement agreement (the "Leonardo Three Amendment Agreement"), dated as of April 6, 2023 and effective as of April 28, 2023, among Leonardo Three, Ltd., an indirect subsidiary of NCLC, as borrower, NCLC, as guarantor, NCL International, Ltd. ("NCLI") , as shareholder, Norwegian Cruise Line Holdings Ltd. ("NCLH"), which is the direct parent company of NCLC, the lenders party thereto, HSBC Bank PLC, BNP Paribas Fortis S.A./N.V., KfW I PEX -Bank GmbH and Cassa Depositi e Prestiti S.P.A., as joint mandated lead arrangers, BNP Paribas S.A., as agent and SACE agent, and BNP Paribas S.A., as security trustee, which amends and restates the Loan Agreement, dated as of April 12, 2017 (as amended, amended and restated, supplemented or otherwise modified prior to the date hereof, and as further amended by the Leonardo Three Amendment Agreement, the "Leonardo Three Credit Facility")
View on SEC.gov

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Source: SEC EDGAR
accession 0001104659-23-055045
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