---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-031478"
form_type: "8-K"
ticker: "NCLH"
cik: "0001513761"
company_name: "Norwegian Cruise Line Holdings Ltd."
filed_at: "2025-04-03T23:59:59+00:00"
generated_at: "2026-05-23T22:31:48.095104+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# NCLH exchanges $68.5M of 5.375% notes for 0.875% 2030 notes plus cash via equity offering

## Summary
- NCL Corp. exchanges $68.5M in 5.375% Exchangeable Senior Notes due 2025 for $68.5M of new 0.875% notes due 2030 and $12.4M cash.
- Concurrent registered direct offering of 649,565 shares at $19.06/share to fund the cash payment.
- Transactions expected to close April 7; reduce fully diluted shares outstanding by ~15.5 million.
- Approximately $96.1M of the 2025 notes remain outstanding; transactions are leverage neutral.

## SEC filing metadata
- accession: 0001104659-25-031478
- form_type: 8-K
- ticker: NCLH
- cik: 0001513761
- company_name: Norwegian Cruise Line Holdings Ltd.
- filed_at: 2025-04-03T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1513761/000110465925031478/0001104659-25-031478-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1513761/000110465925031478/tm2511397d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-031478
- JSON: https://secwatch.observer/filing/0001104659-25-031478.json
- Plain text: https://secwatch.observer/filing/0001104659-25-031478.txt

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