---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-088023"
form_type: "8-K"
ticker: "NCLH"
cik: "0001513761"
company_name: "Norwegian Cruise Line Holdings Ltd."
filed_at: "2025-09-08T23:59:59+00:00"
generated_at: "2026-05-17T07:34:17.264778+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# NCLH launches $2.05B unsecured notes, $1.2B exchangeable notes, and equity offering to refinance debt

## Summary
- Tender offer for all $1B of 5.875% senior secured notes due 2027 and $225M of 5.875% senior notes due 2026, expiring Sept 12.
- Proposed $1.025B senior notes due 2031 and $1.025B senior notes due 2033; proceeds to fund tender and redeem all 8.125% 2029 notes.
- Proposed $1.2B exchangeable senior notes due 2030 (up to $1.32B with greenshoe), guaranteed by NCLH on unsecured basis.
- Registered direct equity offering to certain holders of 2027 exchangeable notes; proceeds together with exchangeable notes to repurchase those notes.
- Repurchases of 2027 exchangeable notes are conditioned on both equity and exchangeable note offerings; all closings interconditional.

## SEC filing metadata
- accession: 0001104659-25-088023
- form_type: 8-K
- ticker: NCLH
- cik: 0001513761
- company_name: Norwegian Cruise Line Holdings Ltd.
- filed_at: 2025-09-08T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1513761/000110465925088023/0001104659-25-088023-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1513761/000110465925088023/tm2525356d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-088023
- JSON: https://secwatch.observer/filing/0001104659-25-088023.json
- Plain text: https://secwatch.observer/filing/0001104659-25-088023.txt

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