Highest-materiality recent filing
Shareholders approve 8.8M share increase in equity plan, extend term to 2036
Plan share pool raised from 48,009,006 to 56,816,006 (increase of 8,807,000 shares).
NCLH beats Q1 estimates but slashes full-year 2026 guidance on geopolitical headwinds
Q1 revenue $2.3B (+10% YoY); GAAP net income $105M ($0.23 EPS); Adjusted EBITDA $533M (+18%).
NCLH finalizes CEO Chidsey's contract with $48M performance-based equity grant
CEO John Chidsey receives $1.715M base salary, $2.9M fixed bonus for 2026; 175% target bonus from 2027.
NCLH appoints five new directors, enters cooperation with Elliott; four directors resign
Elliott Investment Management and NCLH sign cooperation agreement; standstill and voting commitments through Feb 2027.
NCLH reports FY2025 Adj. EPS $2.11, guides FY2026 Adj. EPS $2.38; new CEO Chidsey
FY2025 revenue $9.8B (+3.7%), GAAP net income $423.2M ($0.92 EPS), Adj. EBITDA $2.73B (+11% YoY).
Norwegian Cruise Line Holdings names John Chidsey CEO; Q4 results in line with guidance
John W. Chidsey appointed President and CEO, effective February 12, 2026, replacing Harry Sommer.
NCLH Q3 revenue record $2.9B; adj EPS $1.20 beats guidance, FY25 outlook raised
Total revenue $2.9B (+5% YoY), GAAP net income $419.3M ($0.86 EPS).
NCLH subsidiary issues $2.05B senior notes, redeems all 2026/2027/2029 notes
Issued $1.2B 5.875% senior notes due 2031 and $850M 6.250% senior notes due 2033; net proceeds ~$2.031B.
Closed $1.407B aggregate principal of 0.750% exchangeable notes due 2030; net proceeds ~$1.381B.
Tender offer for all $1B of 5.875% senior secured notes due 2027 and $225M of 5.875% senior notes due 2026, expiring Sept 12.
David Herrera left as President of Norwegian Cruise Line on Aug 20, 2025, as part of strategic leadership change.
Norwegian Q2 record revenue $2.5B; Adj. EBITDA $694M beats guidance; FY guidance reaffirmed
Q2 total revenue $2.5B, +6% YoY; GAAP net income $30M, EPS $0.07; Adjusted EPS $0.51 met guidance.
Norwegian Cruise Line announces Great Tides Waterpark at Great Stirrup Cay; opens summer 2026
Second phase expansion includes nearly 6-acre, 19-slide Great Tides Waterpark with 800-ft river and 9,000 sq ft kids splash zone.
NCLH secures ~$4.9B in SACE-backed credit facilities for two new cruise ships (delivery 2030, 2032)
Vessel 1 facility up to $2.437B, Vessel 2 up to $2.470B, each including SACE insurance premium.
NCLH takes delivery of Oceania Allura; resets schedule for 13 newbuilds worth $21.7B
Took delivery of Oceania Allura for Oceania Cruises brand on July 10, 2025.
NCLH increases revolving credit facility by $786M to $2.486B; adds guarantors and swaps collateral
Total commitments under senior secured revolver increased from $1.7B to $2.486B via incremental assumption and amendment.
NCLH Q1 2025: GAAP net loss $40.3M, adjusted EPS $0.07, revenue $2.1B, maintains FY guidance
GAAP net loss $40.3M ($0.09 diluted EPS); adjusted EPS $0.07, above expectations.
NCLH exchanges $353.9M of 5.375% notes for 0.875% notes due 2030; issues equity for cash payment
$353.9M of 5.375% exchangeable notes due 2025 exchanged for equal principal of 0.875% notes due 2030 plus $64M cash.
NCLH exchanges $285M of 5.375% notes for 0.875% notes due 2030 plus equity offering
Exchanged $285.4M of 5.375% exchangeable notes due 2025 for new 0.875% notes due 2030 plus $51.6M cash payment.
NCLH posts record FY2024 revenue $9.5B, adj EBITDA $2.45B; guides 2025 adj EPS ~$2.05
Full-year 2024 total revenue $9.5B, up ~11% YoY; GAAP net income $910.3M (EPS $1.89) vs $166M in 2023.
NCLH subsidiary issues $1.8B 6.750% notes due 2032, upsizes revolver to $1.7B, redeems existing debt
Issued $1.8B 6.750% senior notes due Feb 1 2032; net proceeds of ~$1.782B after discount.
Norwegian Cruise Line repays four ship facilities, restructures luxury leadership
Breakaway One, Breakaway Two, Riviera, and Marina facilities repaid in full on Jan 3, 2025, and terminated.
NCLH reports record Q3 revenue $2.8B, beats guidance; raises FY 2024 guidance for fourth time
Q3 total revenue $2.8B (+11% YoY); GAAP net income $474.9M (+37%); EPS $0.95 (+34%).
NCLH Q2 revenue $2.4B (+8% YoY), beats EPS guidance, raises FY outlook
GAAP net income $163.4M, EPS $0.35; adjusted EPS $0.40, beats guidance of $0.32.
NCLH Q1 revenue $2.2B (+20% YoY), adj. EPS $0.16 vs guidance $0.12, raises FY guidance
GAAP net income $17.4M ($0.04 EPS); adjusted EBITDA $464M above $450M guidance; adjusted EPS $0.16 vs $0.12 guidance.
NCLH orders 8 new ships across 3 brands, $150M pier at Great Stirrup Cay
Ordered eight vessels for NCL, Oceania, Regent (2026-2036), adding ~25,000 berths.
NCLC refinances $650M backstop to unsecured, repays $250M secured notes; S&P upgrades to B+
Entered amended $650M unsecured backstop with Apollo Funds; rate = 7.75% 2029 notes yield + 200bps.
NCLH reports $8.5B revenue and returns to full-year GAAP profitability in 2023
GAAP net income $166.2M, EPS $0.39; adjusted EPS $0.70 (includes $0.07 FX impact).
NCLH Q3 revenue $2.5B record, adj EPS $0.76 beat; cuts FY adj EPS to $0.73
Q3 2023: total revenue $2.5B (record, +33% vs 2019), GAAP net income $345.9M ($0.71 EPS), adjusted EPS $0.76 (beat $0.70 guide)
NCL Corp. issues $790M 8.125% senior notes due 2029; repays term loans, expands revolver to $1.2B
Issued $790M aggregate principal of 8.125% senior secured notes due Jan 15, 2029; net proceeds $781.1M.
NCLH subsidiary proposes $790M senior secured notes due 2029 to refinance term loans
$790M aggregate principal of senior secured notes due 2029, secured by 14 vessels.
NCLH beats Q2 guidance; revenue record $2.2B, Adj. EBITDA $515M above $485M guide
Q2 GAAP net income $86.1M ($0.20 EPS) vs net loss $509M in Q2 2022; Adj. EPS $0.30 vs guidance $0.25.
NCLH secures ~€1.7B additional debt to enlarge four Prima-class ships and add methanol capability
Amended six credit facilities to add ~€1.7B in total commitments for ship preparation and modifications.
NCLH Q1 revenue $1.8B, net loss $159M; beats guidance, CEO retirement announced
Q1 revenue $1.8B, GAAP net loss $159.3M ($0.38 EPS); Adjusted EPS $(0.30) beat guidance of $(0.45).
NCLH CEO Frank Del Rio to retire June 30, 2023; Harry Sommer to succeed
CEO Frank Del Rio retires June 30, 2023; transition bonus up to $9M based on EBITDA target; consulting fees $2M (2023), $4M/year (2024-2025).
NCLH reports Q4 net loss $482.5M; guides FY2023 EBITDA $1.8-1.95B on record bookings
Q4 revenue $1.5B, GAAP EPS $(1.14), adjusted EPS $(1.04); occupancy improved to ~87%.
NCLH subsidiary enters $650M senior secured notes facility, issues $250M Class A Notes
NCL Corporation Ltd. entered a second amended commitment letter with Apollo funds for up to $650M of senior secured notes.
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.
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.
in connection with the appointment of Mr. Jason Montague as Chief Luxury Officer, effective February 17, 2025.
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.
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.
Ms. Stella David has been appointed Chairperson of the Board effective August 12, 2024.
On October 19, 2023, Mr. Adam Aron notified Norwegian Cruise Line Holdings Ltd. (the “Company”) that he was resigning from the Board of Directors of the Company, effective immediately.
On October 6, 2023, the Board of Directors (the “Board”) of Norwegian Cruise Line Holdings Ltd. (“NCLH”) appointed Mr. José E. Cil as a member of the Board.
and President and Chief Executive Officer of the Company, effective July 1, 2023
Mr. Sommer has also been appointed to the Board of Directors of the Company, effective July 1, 2023
Mr. Harry Sommer would become President and Chief Executive Officer – Elect of the Company, effective April 1, 2023
On March 20, 2023, Norwegian Cruise Line Holdings Ltd. (the “Company” or “NCLH”) announced that Frank J. Del Rio will retire from his position as the Company’s President and Chief Executive Officer and resign from the Board of Directors of the Company, effective as of the end of the day on June 30, 2023.
Max materiality 0.85 · Median 0.70 · Most common event earnings