debt
confidence high
sentiment positive
materiality 0.65
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.
item 1.01item 2.03item 8.01item 9.01