NCLC prices $950 million of 8.750% senior notes due 2031

  • NCLC priced $950 million of 8.750% senior notes due 2031, up from the previously announced $750 million.
  • The offering is expected to close Oct. 15, 2026, with proceeds and cash on hand funding debt redemptions and repayments.
  • NCLC plans to repay approximately $376.3 million under its revolving facility and prepay approximately $42.2 million of export-credit-backed borrowings.

NCL Corporation Ltd., a subsidiary of Norwegian Cruise Line Holdings Ltd., priced $950.0 million of 8.750% senior notes due 2031, increasing the offering from the previously announced $750.0 million. The private offering is expected to close on Oct. 15, 2026, subject to customary conditions. NCLC plans to use the net proceeds, together with cash on hand, to redeem all outstanding 6.125% Senior Notes due 2028, repay approximately $376.3 million under its senior secured revolving loan facility and prepay approximately $42.2 million under export-credit-backed financing facilities, plus accrued interest, transaction premiums, fees and expenses. The notes are being offered under Rule 144A to qualified institutional buyers and under Regulation S to non-U.S. investors, without registration under the Securities Act.

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