---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-069314"
form_type: "8-K"
ticker: "NCLH"
cik: "0001513761"
company_name: "Norwegian Cruise Line Holdings Ltd."
filed_at: "2025-07-21T23:59:59+00:00"
generated_at: "2026-05-18T05:02:26.518997+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# NCLH secures ~$4.9B in SACE-backed credit facilities for two new cruise ships (delivery 2030, 2032)

## Summary
- Vessel 1 facility up to $2.437B, Vessel 2 up to $2.470B, each including SACE insurance premium.
- Loans fund 80% of construction payments; repayment in 24 semi-annual installments over 12 years post-delivery.
- Fixed interest rate = (1.55% – SIMEST margin contribution) + 5.08% Commercial Interest Reference Rate; floating option available.
- Guaranteed by NCL Corporation Ltd. and secured by share charge (pre-delivery) and first-lien ship mortgage (post-delivery).
- Ships built by Fincantieri S.p.A.; 100% of loans insured by Italian ECA SACE.

## SEC filing metadata
- accession: 0001104659-25-069314
- form_type: 8-K
- ticker: NCLH
- cik: 0001513761
- company_name: Norwegian Cruise Line Holdings Ltd.
- filed_at: 2025-07-21T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1513761/000110465925069314/0001104659-25-069314-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1513761/000110465925069314/tm2521263d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-069314
- JSON: https://secwatch.observer/filing/0001104659-25-069314.json
- Plain text: https://secwatch.observer/filing/0001104659-25-069314.txt

## Key facts
- Debt Financings
  Norwegian Cruise Line Holdings Ltd. incurred loan of $2,437,323,477.36 for Vessel 1 and $2,469,681,624.15 for Vessel 2 with Crédit Agricole Corporate and Investment Bank at fixed interest rate equal to the difference between 1.55% per annum and the SIME maturing twelfth anniversary of the delivery date of the relevant Ship.
  - Instrument: loan
  - Principal: $2,437,323,477.36 for Vessel 1 and $2,469,681,624.15 for Vessel 2
  - Counterparty: Crédit Agricole Corporate and Investment Bank
  - Rate: fixed interest rate equal to the difference between 1.55% per annum and the SIME
  - Maturity: twelfth anniversary of the delivery date of the relevant Ship
  - Event: incurrence
  source text: On July 17, 2025, NCL Corporation Ltd. (“NCLC”), a subsidiary of Norwegian Cruise Line Holdings Ltd. (“NCLH”), as guarantor, and its subsidiaries NCL NextGen Class I Ltd. and NCL NextGen Class II Ltd., as borrowers, entered into separate credit facility agreements (collectively, the “Credit Facilities”) with, among others, Crédit Agricole Corporate and Investment Bank, as facility agent, ECA agent and security agent, and certain banks and financial institutions from time to time party thereto as lenders, for the financing of two new cruise vessels to be purchased by NCL NextGen Class I Ltd. (“Vessel 1”) and NCL NextGen Class II Ltd. (“Vessel 2”
  evidence_url: https://www.sec.gov/Archives/edgar/data/1513761/000110465925069314/0001104659-25-069314-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.