---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-044763"
form_type: "8-K"
ticker: null
cik: "0001318742"
company_name: "NCL CORP Ltd."
filed_at: "2024-04-08T23:59:59+00:00"
generated_at: "2026-06-04T01:16:34.656916+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# NCLH orders 8 new cruise ships across three brands, plans $150M pier at Great Stirrup Cay

## Summary
- Orders 8 ships: 4 for Norwegian Cruise Line (~200k GT, 5,000 guests each), 2 Oceania (86k GT, 1,450 guests), 2 Regent (77k GT, 850 guests); deliveries 2026-2036.
- Secures export credit financing for Oceania and Regent ships (80% of contract price); NCL order subject to financing.
- Enters four SACE-insured credit facilities on April 4, 2024: up to €724M per vessel for two ships, €652.8M for two others; SOFR + 2.10% margin, 12-year maturity.
- Plans $150M multi-ship pier at Great Stirrup Cay (Bahamas) with groundbreaking Summer 2024, completion late 2025.
- Expects Net Leverage reduction of 1.5 turns by end-2024 relative to 2023 and continued annual reduction.

## SEC filing metadata
- accession: 0001104659-24-044763
- form_type: 8-K
- cik: 0001318742
- company_name: NCL CORP Ltd.
- filed_at: 2024-04-08T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1318742/000110465924044763/0001104659-24-044763-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1318742/000110465924044763/tm2411154d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-044763
- JSON: https://secwatch.observer/filing/0001104659-24-044763.json
- Plain text: https://secwatch.observer/filing/0001104659-24-044763.txt

## Key facts
- Debt Financings
  NCL CORP Ltd. incurred credit facility of up to (i) €724,000,000 (or its Dollar equivalent) for Vessel 1 and Vessel 2 and (ii) €652,800,000 (or its Dollar equival with Crédit Agricole Corporate and Investment Bank at six-month Term SOFR with a zero floor plus a margin of 2.10% per annum maturing the twelfth anniversary of the delivery date of the relevant Ship.
  - Instrument: credit facility
  - Principal: up to (i) €724,000,000 (or its Dollar equivalent) for Vessel 1 and Vessel 2 and (ii) €652,800,000 (or its Dollar equival
  - Counterparty: Crédit Agricole Corporate and Investment Bank
  - Rate: six-month Term SOFR with a zero floor plus a margin of 2.10% per annum
  - Maturity: the twelfth anniversary of the delivery date of the relevant Ship
  - Event: incurrence
  source text: acilities”) with Crédit Agricole Corporate and Investment Bank, as facility agent, ECA agent and security agent, and certain
  evidence_url: https://www.sec.gov/Archives/edgar/data/1318742/000110465924044763/0001104659-24-044763-index.htm
- Material Agreements
  NCL CORP Ltd. entered into Credit Facilities with Crédit Agricole Corporate and Investment Bank, as facility agent, ECA agent and security agent, and certain banks and financial institutions valued at €724,000,000 (or its Dollar equivalent) for Vessel 1 and Vessel 2 and €652,800,000 (or its Dollar eq (effective 2024-04-04).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Crédit Agricole Corporate and Investment Bank, as facility agent, ECA agent and security agent, and certain banks and financial institutions
  - Value: €724,000,000 (or its Dollar equivalent) for Vessel 1 and Vessel 2 and €652,800,000 (or its Dollar eq
  - Effective: 2024-04-04
  source text: On April 4, 2024, NCL Corporation Ltd. (“NCLC”), as guarantor, and its subsidiaries Oceania Next I, LLC, Oceania Next II, LLC, DaVinci One, LLC and DaVinci Two, LLC, as applicable, as borrowers, entered into separate credit facility agreements (collectively, the “Credit Facilities”) with Crédit Agricole Corporate and Investment Bank, as facility agent, ECA agent and security agent, and certain banks and financial institutions from time to time party thereto as lenders and joint mandated lead arrangers, for the financing of four new cruise vessels
  evidence_url: https://www.sec.gov/Archives/edgar/data/1318742/000110465924044763/0001104659-24-044763-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.