NCL CORP Ltd.: debt financing — NCL Corp expands revolver by $786M to $2.486B, aligns 2029 note collateral

NCL CORP Ltd.

Revolving loan commitments increased from $1.70B to $2.486B; maturity January 22, 2030 with conditional early maturity triggers.
Interest terms: SOFR + 1.00%-2.00% for benchmark loans; alternate base rate plus 0.00%-1.00%.
Added five new guarantors (vessel-owning entities) and their vessels as collateral; released one prior guarantor.
Supplemental indenture for 8.125% 2029 Secured Notes swaps collateral to match the revolver on a pari passu basis.

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

NCL CORP Ltd. amended revolving credit of from $1,700,000,000 to $2,486,000,000 with JPMorgan Chase Bank, N.A., as administrative agent and collateral agent at alternate base rate plus a margin of between 0.00% and 1.00% ... adjusted term S maturing January 22, 2030.

Instrument: revolving credit
Principal: from $1,700,000,000 to $2,486,000,000
Counterparty: JPMorgan Chase Bank, N.A., as administrative agent and collateral agent
Rate: alternate base rate plus a margin of between 0.00% and 1.00% ... adjusted term S
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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Source: SEC EDGAR

accession 0001104659-25-063252

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