NCL CORP Ltd.: debt financing — NCL Corp refinances $2.05B: issues 5.875%/6.25% notes; retires 8.125% 2029 notes

NCL CORP Ltd.

Issued $1.2B of 5.875% senior notes due 2031 and $850M of 6.250% notes due 2033; net proceeds ~$2.031B.
Proceeds used to tender for/ redeem $225M 2026 notes (5.875%), $1B 2027 notes (5.875%), and $790M 2029 notes (8.125%).
Tender results: 90.3% of 2027 notes and 97.5% of 2026 notes tendered; remaining to be redeemed at same consideration.
Transaction is leverage-neutral; extends maturities and reduces interest cost by replacing 8.125% debt with lower coupons.

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 0.95

NCL CORP Ltd. incurred senior notes of $850.0 million aggregate principal amount of 6.250% senior notes due 2033 with initial purchasers 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: initial purchasers
Rate: 6.250% per year
Maturity: September 15, 2033
Event: incurrence

Exact text from the filing

The 2033 Notes were issued pursuant to an indenture, dated September 17, 2025 (the “2033 Notes Indenture”), between NCLC, as issuer, and U.S. Bank Trust Company, National Association, as trustee.

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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

NCL CORP Ltd. incurred senior notes of $1,200.0 million aggregate principal amount of 5.875% senior notes due 2031 with initial purchasers 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: initial purchasers
Rate: 5.875% per year
Maturity: January 15, 2031
Event: incurrence

Exact text from the filing

The 2031 Notes were issued pursuant to an indenture, dated September 17, 2025 (the “2031 Notes Indenture”), between NCLC, as issuer, and U.S. Bank Trust Company, National Association, as trustee.

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Source: SEC EDGAR

accession 0001104659-25-091308

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