---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-116266"
form_type: "8-K"
ticker: null
cik: "0001318742"
company_name: "NCL CORP Ltd."
filed_at: "2026-10-15T20:36:15+00:00"
generated_at: "2026-10-15T20:37:05.596638+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# NCL Corp prices upsized $950M 8.750% notes due 2031; revolver raised to $2.801B

## Summary
- $950.0M 8.750% senior notes due 2031 priced and closed Oct 15, 2026, upsized from $750.0M; net proceeds ~$941.7M before fees; interest paid each Apr 15 and Oct 15.
- Proceeds plus cash redeemed all 6.125% notes due 2028 ($525.0M issued March 3, 2021 by NCL Finance), repaid ~$376.3M of revolver borrowings and prepaid ~$42.2M of export-credit debt.
- Third ARCA amendment lifted revolver commitments to $2,801.0M from $2,486.0M; matures Jan 22, 2030, but springing maturity to Nov 17, 2026 if 2027 exchangeable notes are not refinanced.
- Revolver margins set at 0.00%-1.00% over ABR and 1.00%-2.00% over adjusted SOFR, plus 0.15%-0.30% unused commitment fee, tied to leverage ratio.
- Guarantors changed: Pride of America Ship Holding LLC and Norwegian Epic, Ltd. added with their vessels as collateral; Norwegian Dawn Limited and Norwegian Spirit, Ltd. released.

## SEC filing metadata
- accession: 0001104659-26-116266
- form_type: 8-K
- cik: 0001318742
- company_name: NCL CORP Ltd.
- filed_at: 2026-10-15T20:36:15+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1318742/000110465926116266/0001104659-26-116266-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1318742/000110465926116266/tm2627516d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-116266
- JSON: https://secwatch.observer/filing/0001104659-26-116266.json
- Plain text: https://secwatch.observer/filing/0001104659-26-116266.txt

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