--- schema_version: "secwatch.filing_event.v1" accession: "0001104659-23-055045" form_type: "8-K" ticker: null cik: "0001318742" company_name: "NCL CORP Ltd." filed_at: "2023-05-02T23:59:59+00:00" generated_at: "2026-06-16T02:54:49.094861+00:00" event_type: "debt" sentiment: "neutral" materiality_score: 0.65 calibrated_materiality_score: 0.65 confidence: "high" source: SEC EDGAR --- # NCL Corp. amends ship credit facilities, adds ~€1.7B in commitments for Prima Class enlargement ## Summary - Combined commitments increased by approx. €1.7B for owners' supplies and ship modifications. - Last four Prima Class vessels to be enlarged by 10-20% gross tonnage vs. Norwegian Prima and Viva. - Leonardo Five and Six modified for future methanol fuel capability to reduce emissions. - Amendments cover six facilities: Leonardo Three–Six, Explorer III, and O Class Plus Two. - Agreements dated April 6, 2023, effective April 28, 2023; SOFR replaces LIBOR on two facilities. ## SEC filing metadata - accession: 0001104659-23-055045 - form_type: 8-K - cik: 0001318742 - company_name: NCL CORP Ltd. - filed_at: 2023-05-02T23:59:59+00:00 - event_type: debt - sentiment: neutral - materiality_score: 0.65 - calibrated_materiality_score: 0.65 - confidence: high - sec_items: 1.01, 2.03, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1318742/000110465923055045/0001104659-23-055045-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1318742/000110465923055045/tm2314181d1_8k.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001104659-23-055045 - JSON: https://secwatch.observer/filing/0001104659-23-055045.json - Plain text: https://secwatch.observer/filing/0001104659-23-055045.txt ## Key facts - Debt Financings 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 source text: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/1318742/000110465923055045/0001104659-23-055045-index.htm - Debt Financings 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 source text: nd effective as of April 28, 2023, among Leonardo Four, Ltd., an indirect subsidiary of NCLC, as borrower, NCLC, as guarantor, evidence_url: https://www.sec.gov/Archives/edgar/data/1318742/000110465923055045/0001104659-23-055045-index.htm - Debt Financings 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 source text: 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 evidence_url: https://www.sec.gov/Archives/edgar/data/1318742/000110465923055045/0001104659-23-055045-index.htm - Debt Financings 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 source text: 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 evidence_url: https://www.sec.gov/Archives/edgar/data/1318742/000110465923055045/0001104659-23-055045-index.htm - Material Agreements 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 source text: 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 evidence_url: https://www.sec.gov/Archives/edgar/data/1318742/000110465923055045/0001104659-23-055045-index.htm - Material Agreements 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 source text: 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") evidence_url: https://www.sec.gov/Archives/edgar/data/1318742/000110465923055045/0001104659-23-055045-index.htm - Material Agreements 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 source text: 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") evidence_url: https://www.sec.gov/Archives/edgar/data/1318742/000110465923055045/0001104659-23-055045-index.htm - Material Agreements 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 source text: 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") evidence_url: https://www.sec.gov/Archives/edgar/data/1318742/000110465923055045/0001104659-23-055045-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.