debt
confidence high
sentiment positive
materiality 0.65
NCLH increases revolving credit facility by $786M to $2.486B; adds guarantors and swaps collateral
Norwegian Cruise Line Holdings Ltd.
- Total commitments under senior secured revolver increased from $1.7B to $2.486B via incremental assumption and amendment.
- Facility matures Jan 22, 2030, with early maturity triggers if certain senior notes not repaid or refinanced.
- Interest: SOFR + 1.00%-2.00% margin; commitment fee 0.15%-0.30%, both tied to leverage ratio.
- Five new subsidiary guarantors added (Pride of America, Norwegian Jewel, Nautica, Regatta, Breakaway Two) with vessel pledges.
- Norwegian Star Limited released as guarantor; same collateral now secures revolver and 2029 secured notes pari passu.
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