{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-091308","form_type":"8-K","ticker":null,"cik":"0001318742","company_name":"NCL CORP Ltd.","filed_at":"2025-09-18T23:59:59+00:00","discovered_at":"2026-05-14T18:02:43.645275+00:00","generated_at":"2026-05-17T06:13:02.795479+00:00","sec_items":["1.01","1.02","2.03","8.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"NCL Corp refinances $2.05B: issues 5.875%/6.25% notes; retires 8.125% 2029 notes","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-091308","json":"https://secwatch.observer/filing/0001104659-25-091308.json","markdown":"https://secwatch.observer/filing/0001104659-25-091308.md","text":"https://secwatch.observer/filing/0001104659-25-091308.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1318742/000110465925091308/0001104659-25-091308-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1318742/000110465925091308/tm2526381d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T06:13:02.795479+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"9266145c0333216f00f3e844a419005b454b7994","claim":"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.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1318742/000110465925091308/0001104659-25-091308-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$850.0 million aggregate principal amount of 6.250% senior notes due 2033"},{"label":"Counterparty","value":"initial purchasers"},{"label":"Rate","value":"6.250% per year"},{"label":"Maturity","value":"September 15, 2033"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"97343297ccc068eaa8c9556da7161f06ee4a5314","claim":"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.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1318742/000110465925091308/0001104659-25-091308-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$1,200.0 million aggregate principal amount of 5.875% senior notes due 2031"},{"label":"Counterparty","value":"initial purchasers"},{"label":"Rate","value":"5.875% per year"},{"label":"Maturity","value":"January 15, 2031"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}