---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-032641"
form_type: "8-K"
ticker: "NCLH"
cik: "0001513761"
company_name: "Norwegian Cruise Line Holdings Ltd."
filed_at: "2025-04-07T23:59:59+00:00"
generated_at: "2026-05-23T19:38:41.122215+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# NCLH exchanges $353.9M of 5.375% notes for 0.875% notes due 2030; issues equity for cash payment

## Summary
- $353.9M of 5.375% exchangeable notes due 2025 exchanged for equal principal of 0.875% notes due 2030 plus $64M cash.
- New 0.875% notes mature Apr 15, 2030, exchangeable into NCLH shares at $26.21 (37.5% premium over equity offering price).
- Company issued 3.36M shares at $19.06 in two direct offerings, raising ~$64M to fund cash portion.
- Barclays Capital acted as exclusive placement agent; transaction reduces interest cost and extends debt maturity.

## SEC filing metadata
- accession: 0001104659-25-032641
- form_type: 8-K
- ticker: NCLH
- cik: 0001513761
- company_name: Norwegian Cruise Line Holdings Ltd.
- filed_at: 2025-04-07T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1513761/000110465925032641/0001104659-25-032641-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1513761/000110465925032641/tm2511596d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-032641
- JSON: https://secwatch.observer/filing/0001104659-25-032641.json
- Plain text: https://secwatch.observer/filing/0001104659-25-032641.txt

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