secwatch / observer
8-K filed March 12, 2024, 7:59 PM ET CIK 0001318742
debt confidence high sentiment positive materiality 0.75

NCLC repays $250M secured notes; secures $650M unsecured Apollo commitment; S&P upgrades to B+

NCL CORP Ltd.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

NCL CORP Ltd. entered into third amended and restated commitment letter with funds managed by affiliates of Apollo Global Management valued at $650.0 million senior unsecured notes due five years after issue date (effective 2024-03-11).

Action
entry
Agreement
credit facility
Counterparty
funds managed by affiliates of Apollo Global Management
Value
$650.0 million senior unsecured notes due five years after issue date
Effective
2024-03-11
Exact text from the filing
On February 23, 2024, NCL Corporation Ltd. (“NCLC”) entered into a third amended and restated commitment letter (the “Amended Commitment Letter”) with funds managed by affiliates of Apollo Global Management (the “Apollo Funds”), which became effective on March 11, 2024 and which amends, restates and supersedes the second amended and restated commitment letter, dated February 22, 2023, among NCLC and the Apollo Funds.
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

NCL CORP Ltd. terminated Secured Notes Indenture with U.S. Bank Trust Company, National Association valued at $250.0 million 9.75% Senior Secured Notes due 2028 repurchased and cancelled (effective 2024-03-11).

Action
termination
Agreement
notes offering
Counterparty
U.S. Bank Trust Company, National Association
Value
$250.0 million 9.75% Senior Secured Notes due 2028 repurchased and cancelled
Effective
2024-03-11
Exact text from the filing
On March 11, 2024, in connection with the settlement of the Repurchase, the Trustee cancelled the aggregate principal amount outstanding under the Secured Notes and confirmed that NCLC had satisfied and discharged its obligations under the Secured Notes Indenture.
View on SEC.gov

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Source: SEC EDGAR
accession 0001104659-24-033288
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