Norwegian Cruise Line Holdings Ltd. (NCLH): debt financing — NCLH subsidiary issues $2.05B senior notes, redeems all 2026/2027/2029 notes

Norwegian Cruise Line Holdings Ltd.

Issued $1.2B 5.875% senior notes due 2031 and $850M 6.250% senior notes due 2033; net proceeds ~$2.031B.
Tender offer results: 97.5% of 2026 notes and 90.3% of 2027 notes validly tendered for purchase.
Proceeds plus cash on hand used to redeem all 2026, 2027, and 2029 notes, extinguishing those indentures.
Refinancing extends maturities and replaces secured debt with unsecured; expected leverage-neutral.
Closing of notes offering and settlement of tender offer completed September 17, 2025.

item 1.01 item 1.02 item 2.03 item 8.01 item 9.01

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. incurred senior notes of $1,200.0 million aggregate principal amount of 5.875% senior notes due 2031 with U.S. Bank Trust Company, National Association at 5.875% per year maturing January 15, 2031.

Instrument: senior notes
Principal: $1,200.0 million aggregate principal amount of 5.875% senior notes due 2031
Counterparty: U.S. Bank Trust Company, National Association
Rate: 5.875% per year
Maturity: January 15, 2031
Event: incurrence

Exact text from the filing

On September 17, 2025, NCL Corporation Ltd. (“NCLC”), a subsidiary of Norwegian Cruise Line Holdings Ltd., closed its previously announced private offering (the “Notes Offering”) of (i) $1,200.0 million aggregate principal amount of 5.875% senior notes due 2031 (the “2031 Notes”)

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

Norwegian Cruise Line Holdings Ltd. incurred senior notes of $850.0 million aggregate principal amount of 6.250% senior notes due 2033 with U.S. Bank Trust Company, National Association at 6.250% per year maturing September 15, 2033.

Instrument: senior notes
Principal: $850.0 million aggregate principal amount of 6.250% senior notes due 2033
Counterparty: U.S. Bank Trust Company, National Association
Rate: 6.250% per year
Maturity: September 15, 2033
Event: incurrence

Exact text from the filing

and (ii) $850.0 million aggregate principal amount of 6.250% senior notes due 2033 (the “2033 Notes”)

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7 debt financings filed in the last 30 days. Browse all debt financings →

Norwegian Cruise Line Holdings Ltd. filing history →

Source: SEC EDGAR

accession 0001104659-25-091253

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