debt
confidence high
sentiment neutral
materiality 0.55
NCLH subsidiary issues $315M 6.250% senior notes due 2030, redeems 3.625% 2024 notes
Norwegian Cruise Line Holdings Ltd.
- NCL Corporation Ltd. issued $315M aggregate principal of 6.250% senior notes due March 1, 2030.
- Net proceeds of ~$311.5M, plus cash on hand, used to redeem $315M of 3.625% senior notes due 2024.
- Notes redeemable prior to March 1, 2027 at make-whole price; thereafter at defined redemption prices.
- Indenture includes covenants limiting liens, sale-leasebacks, and asset dispositions; change of control triggers 101% repurchase.
- Interest payable semi-annually on March 1 and September 1, beginning March 1, 2025.