Norwegian Cruise Line Holdings Ltd. (NCLH): debt financing — 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.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Norwegian Cruise Line Holdings Ltd. amended credit facility of from $1,700,000,000 to $2,486,000,000 with JPMorgan Chase Bank, N.A. at (x) in the case of alternate base rate loans, at a per annum rate based on an al maturing January 22, 2030.

Instrument: credit facility
Principal: from $1,700,000,000 to $2,486,000,000
Counterparty: JPMorgan Chase Bank, N.A.
Rate: (x) in the case of alternate base rate loans, at a per annum rate based on an al
Maturity: January 22, 2030
Event: amendment

Exact text from the filing

The ARCA Amendment, among other things, increased the aggregate amount of the lenders’ commitments under the senior secured revolving loan facility (the “Revolving Loan Facility”) from $1,700,000,000 to $2,486,000,000.

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Norwegian Cruise Line Holdings Ltd. filing history →

Source: SEC EDGAR

accession 0001104659-25-063237

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