{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-032647","form_type":"8-K","ticker":null,"cik":"0001318742","company_name":"NCL CORP Ltd.","filed_at":"2025-04-07T23:59:59+00:00","discovered_at":"2026-05-14T18:02:47.905829+00:00","generated_at":"2026-05-23T19:30:15.870974+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"NCLC exchanges $353.9M of 5.375% notes for 0.875% notes due 2030 plus $64M cash","bullets":["Exchanged $353,876,000 of 5.375% Exchangeable Senior Notes due 2025 for same principal of new 0.875% notes due 2030.","Issued $64,005,553 cash payment from parent NCLH's equity offering of 3,358,098 shares at $19.06 per share.","New notes mature April 15, 2030; interest payable semi-annually at 0.875%.","Initial exchange rate of 38.1570 ordinary shares per $1,000 principal; premium ~37.5% over equity offering price.","NCLC may redeem notes after April 20, 2028 if stock price ≥130% of exchange price for 20 of 30 trading days."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-032647","json":"https://secwatch.observer/filing/0001104659-25-032647.json","markdown":"https://secwatch.observer/filing/0001104659-25-032647.md","text":"https://secwatch.observer/filing/0001104659-25-032647.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1318742/000110465925032647/0001104659-25-032647-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1318742/000110465925032647/tm2511598d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-23T19:30:15.870974+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"cf3fcacfdfa37472adc6e1a951e1514af7630664","claim":"NCL CORP Ltd. incurred convertible notes of $353,876,000 with U.S. Bank Trust Company, National Association at 0.875% per year maturing April 15, 2030.","evidence_excerpt":"On April 7, 2025, NCL Corporation Ltd. (“NCLC”) closed its previously announced exchanges (collectively, the “Exchange”) of $353,876,000 in aggregate principal amount of NCLC’s 5.375% Exchangeable Senior Notes due 2025 (the “2025 Notes”) held by certain institutional investors (collectively, the “Holders”) for (i) $353,876,000 in aggregate principal amount of NCLC’s newly issued 0.875% Exchangeable Senior Notes due 2030 (the “2030 Notes”)","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1318742/000110465925032647/0001104659-25-032647-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$353,876,000"},{"label":"Counterparty","value":"U.S. Bank Trust Company, National Association"},{"label":"Rate","value":"0.875% per year"},{"label":"Maturity","value":"April 15, 2030"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}