secwatch / observer
8-K filed October 19, 2023, 7:59 PM ET CIK 0001318742
debt confidence high sentiment neutral materiality 0.55

NCL CORP Ltd.: debt financing — NCL Corp. issues $790M 8.125% senior secured notes due 2029 and upsizes revolver to $1.2B

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 0.9

NCL CORP Ltd. amended revolving credit of increased the aggregate amount of the lenders’ revolving facility commitments from $875,000,000 to $1,200,000,000 with the lenders party thereto at not specified maturing October 18, 2026.

Instrument
revolving credit
Principal
increased the aggregate amount of the lenders’ revolving facility commitments from $875,000,000 to $1,200,000,000
Counterparty
the lenders party thereto
Rate
not specified
Maturity
October 18, 2026
Event
amendment
Exact text from the filing
The Sixth ARCA, among other things, increased the aggregate amount of the lenders’ revolving facility commitments from $875,000,000 to $1,200,000,000.
View on SEC.gov
Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

NCL CORP Ltd. incurred senior notes of $790.0 million with initial purchasers at 8.125% per year maturing January 15, 2029.

Instrument
senior notes
Principal
$790.0 million
Counterparty
initial purchasers
Rate
8.125% per year
Maturity
January 15, 2029
Event
incurrence
Exact text from the filing
On October 18, 2023, NCL Corporation Ltd. (“NCLC”), a subsidiary of Norwegian Cruise Line Holdings Ltd., closed its previously announced private offering (the “Notes Offering”) of $790.0 million aggregate principal amount of 8.125% senior secured notes due 2029 (the “Notes”).
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

NCL CORP Ltd. entered into Indenture with U.S. Bank Trust Company, National Association valued at $790.0 million aggregate principal amount of 8.125% senior secured notes due 2029 (effective 2023-10-18).

Action
entry
Agreement
notes offering
Counterparty
U.S. Bank Trust Company, National Association
Value
$790.0 million aggregate principal amount of 8.125% senior secured notes due 2029
Effective
2023-10-18
Exact text from the filing
The Notes were issued pursuant to an indenture (the “Indenture”), dated October 18, 2023, by and among NCLC, as issuer, the guarantors named therein, U.S. Bank Trust Company, National Association, as trustee, principal paying agent, transfer agent and registrar, and JPMorgan Chase Bank, N.A., as security agent
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

NCL CORP Ltd. amended Sixth Amended and Restated Credit Agreement with JPMorgan Chase Bank, N.A. valued at Increased revolving facility commitments from $875,000,000 to $1,200,000,000 (effective 2023-10-18).

Action
amendment
Agreement
credit facility
Counterparty
JPMorgan Chase Bank, N.A.
Value
Increased revolving facility commitments from $875,000,000 to $1,200,000,000
Effective
2023-10-18
Exact text from the filing
On October 18, 2023, NCLC entered into a Sixth Amended and Restated Credit Agreement (the “Sixth ARCA”), among NCLC, as borrower, Voyager Vessel Company, LLC, as co-borrower, the subsidiary guarantors party thereto, JPMorgan Chase Bank, N.A., as administrative agent and collateral agent, and the lenders party thereto
View on SEC.gov

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Source: SEC EDGAR
accession 0001104659-23-110121
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