---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-068271"
form_type: "8-K"
ticker: "NCLH"
cik: "0001513761"
company_name: "Norwegian Cruise Line Holdings Ltd."
filed_at: "2026-05-29T20:15:37+00:00"
generated_at: "2026-05-29T20:17:15.212061+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Norwegian Cruise Line fixes cash settlement for exchangeable notes, reduces dilution guidance by 2M-4M shares

## Summary
- NCLH subsidiary elects cash settlement for its 1.125% and 2.50% exchangeable senior notes due 2027.
- Election effective May 29, 2026; all future exchanges settled in cash, not shares.
- Expected to reduce diluted share count guidance by ~2M shares for Q2 2026 and ~4M for FY 2026.
- Action reduces potential dilution from note conversions, supporting EPS.

## SEC filing metadata
- accession: 0001104659-26-068271
- form_type: 8-K
- ticker: NCLH
- cik: 0001513761
- company_name: Norwegian Cruise Line Holdings Ltd.
- filed_at: 2026-05-29T20:15:37+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1513761/000110465926068271/0001104659-26-068271-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1513761/000110465926068271/tm2615923d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-068271
- JSON: https://secwatch.observer/filing/0001104659-26-068271.json
- Plain text: https://secwatch.observer/filing/0001104659-26-068271.txt

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