NCL CORP Ltd.: debt financing — NCL Corp closes $1.407B exchangeable notes offering; uses proceeds to repurchase 2027 notes

NCL CORP Ltd.

Issued $1.407B of 0.750% exchangeable senior notes due 2030; net proceeds ~$1.3814B after initial purchasers' discount.
Repurchased ~$958M of 1.125% 2027 notes for ~$1.0095B and ~$449M of 2.50% 2027 notes for ~$480.5M, plus interest.
Remaining outstanding 2027 notes: ~$192M of 1.125% notes and ~$24.2M of 2.50% notes.
Funding from exchangeable notes, equity offering of 3.3M shares at $24.53/sh, and cash; expected to reduce fully diluted shares by ~38.1M.
Exchangeable notes guaranteed by NCLH; initial exchange price ~$34.34/share, ~40% premium to equity offering price.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 1.0

NCL CORP Ltd. incurred convertible notes of $1,407.0 million aggregate principal amount with U.S. Bank Trust Company, National Association at 0.750% maturing September 15, 2030.

Instrument: convertible notes
Principal: $1,407.0 million aggregate principal amount
Counterparty: U.S. Bank Trust Company, National Association
Rate: 0.750%
Maturity: September 15, 2030
Event: incurrence

Exact text from the filing

closed its previously announced private offering (the “Exchangeable Notes Offering”) of $1,407.0 million aggregate principal amount of 0.750% exchangeable senior notes due 2030 (the “Exchangeable Notes")

View on SEC.gov

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

Source: SEC EDGAR

accession 0001410578-25-002064

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.