Norwegian Cruise Line Holdings Ltd. — fact timeline

Norwegian Cruise Line Holdings Ltd. reported first quarter ended March 31, 2026 results: revenue $2.3 billion, net income $104.7 million, EPS $0.23. Guidance lowered.

“financial results for the first quarter ended March 31, 2026 and provided guidance for the second quarter and full year 2026. Highlights First quarter total revenue grew 10% to $2.3 billion. GAAP net income was $105 million, with EPS of $0.23. Delivered Adjusted EBITDA 1 of $533 million in first quarter 2026, exceeding guidance, and representing an increase of 18%”

Norwegian Cruise Line Holdings Ltd. entered into Cooperation Agreement with Elliott Investment Management L.P., Elliott Associates, L.P., and Elliott International, L.P. (effective 2026-03-26).

“On March 26, 2026, Norwegian Cruise Line Holdings Ltd. (the “Company”) entered into a Cooperation Agreement (the “Cooperation Agreement”) with Elliott Investment Management L.P., a Delaware limited partnership, Elliott Associates, L.P., a Delaware limited partnership, and Elliott International, L.P., a Cayman Islands limited partnership (each, an “Elliott Party,” and together, the “Elliott Parties”).”

Norwegian Cruise Line Holdings Ltd. incurred senior notes of $850.0 million aggregate principal amount of 6.250% senior notes due 2033 with U.S. Bank Trust Company, National Association at 6.250% per year maturing September 15, 2033.

“and (ii) $850.0 million aggregate principal amount of 6.250% senior notes due 2033 (the “2033 Notes”)”

Norwegian Cruise Line Holdings Ltd. incurred senior notes of $1,200.0 million aggregate principal amount of 5.875% senior notes due 2031 with U.S. Bank Trust Company, National Association at 5.875% per year maturing January 15, 2031.

“On September 17, 2025, NCL Corporation Ltd. (“NCLC”), a subsidiary of Norwegian Cruise Line Holdings Ltd., closed its previously announced private offering (the “Notes Offering”) of (i) $1,200.0 million aggregate principal amount of 5.875% senior notes due 2031 (the “2031 Notes”)”

Norwegian Cruise Line Holdings Ltd. incurred convertible notes of $1,407.0 million aggregate principal amount with initial purchasers at 0.750% per year maturing September 15, 2030.

“On September 11, 2025, NCL Corporation Ltd. (“NCLC”), a subsidiary of Norwegian Cruise Line Holdings Ltd. (“NCLH”), 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”), which includes $107.0 million aggregate principal amount of Exchangeable Notes issued in connection with the initial purchasers’ full exercise of their option to acquire additional Exchangeable Notes.”

Norwegian Cruise Line Holdings Ltd. incurred loan of $2,437,323,477.36 for Vessel 1 and $2,469,681,624.15 for Vessel 2 with Crédit Agricole Corporate and Investment Bank at fixed interest rate equal to the difference between 1.55% per annum and the SIME maturing twelfth anniversary of the delivery date of the relevant Ship.

“On July 17, 2025, NCL Corporation Ltd. (“NCLC”), a subsidiary of Norwegian Cruise Line Holdings Ltd. (“NCLH”), as guarantor, and its subsidiaries NCL NextGen Class I Ltd. and NCL NextGen Class II Ltd., as borrowers, entered into separate credit facility agreements (collectively, the “Credit Facilities”) with, among others, Crédit Agricole Corporate and Investment Bank, as facility agent, ECA agent and security agent, and certain banks and financial institutions from time to time party thereto as lenders, for the financing of two new cruise vessels to be purchased by NCL NextGen Class I Ltd. (“Vessel 1”) and NCL NextGen Class II Ltd. (“Vessel 2””

Norwegian Cruise Line Holdings Ltd. amended credit facility of from $1,700,000,000 to $2,486,000,000 with JPMorgan Chase Bank, N.A. at (x) in the case of alternate base rate loans, at a per annum rate based on an al maturing January 22, 2030.

“The ARCA Amendment, among other things, increased the aggregate amount of the lenders’ commitments under the senior secured revolving loan facility (the “Revolving Loan Facility”) from $1,700,000,000 to $2,486,000,000.”

Linda P. Jojo was appointed as Director at Norwegian Cruise Line Holdings Ltd..

“On May 7, 2025, the Board of Directors (the “Board”) of Norwegian Cruise Line Holdings Ltd. (“NCLH”) increased the size of the Board from eight to nine members and appointed Ms. Linda P. Jojo as a member of the Board.”

John Chidsey was appointed as Director at Norwegian Cruise Line Holdings Ltd..

“On February 5, 2025, the Board of Directors (the “Board”) of Norwegian Cruise Line Holdings Ltd. (“NCLH”) appointed Mr. John Chidsey as a member of the Board.”

Jason Montague was appointed as Chief Luxury Officer at Norwegian Cruise Line Holdings Ltd..

“in connection with the appointment of Mr. Jason Montague as Chief Luxury Officer, effective February 17, 2025.”

Andrea DeMarco departed as President, Regent Seven Seas Cruises at Norwegian Cruise Line Holdings Ltd..

“On December 31, 2024, the Company determined that Ms. Andrea DeMarco, President, Regent Seven Seas Cruises, would step down from her role in connection with the appointment of Mr. Jason Montague as Chief Luxury Officer, effective February 17, 2025.”

Stella David was appointed as Chairperson of the Board at Norwegian Cruise Line Holdings Ltd..

“Ms. Stella David has been appointed Chairperson of the Board effective August 12, 2024.”

Russell Galbut resigned as Chairperson of the Board at Norwegian Cruise Line Holdings Ltd..

“On August 9, 2024, Mr. Russell Galbut notified Norwegian Cruise Line Holdings Ltd. (the “Company”) that he was resigning from the Board of Directors (the “Board”) of the Company, and as Chairperson of the Board, on August 12, 2024.”

Norwegian Cruise Line Holdings Ltd. reported the first quarter ended March 31, 2024 results: revenue $2.2 billion, net income $17.4 million, EPS $0.04. Guidance raised.

“results for the first quarter ended March 31, 2024 and provided guidance for the second quarter and full year 2024. First Quarter 2024 Highlights: Generated total revenue of $2.2 billion, a 20% increase compared to the same period in 2023 on 8% capacity growth, with GAAP net income of $17.4 million, or EPS of $0.04. Adjusted EBITDA nearly doubled over the prior”