debt
confidence high
sentiment neutral
materiality 0.65
NCLH subsidiary issues $1.8B 6.750% notes due 2032, upsizes revolver to $1.7B, redeems existing debt
Norwegian Cruise Line Holdings Ltd.
- Issued $1.8B 6.750% senior notes due Feb 1 2032; net proceeds of ~$1.782B after discount.
- Used proceeds plus cash to redeem $1.2B of 5.875% notes due 2026 and $600M of 8.375% secured notes due 2028.
- Entered amended credit agreement increasing revolver commitments from $1.2B to $1.7B, maturing Jan 22, 2030.
- Added new guarantors and swapped collateral for 8.125% secured notes due 2029 to align with revolver.