Form 8-K · Current report
Norwegian Cruise Line Holdings 8-K, filed Oct 30, 2026
- Filed
- CIK
- 0001513761
- Accession no.
- 0001104659-26-120680
Summary
Norwegian Cruise Line Holdings subsidiary NCL Corporation Ltd. and its units NCL NextGen Class III Ltd. and NCL NextGen Class IV Ltd. entered into two credit facilities on October 27, 2026 with lenders led by Crédit Agricole Corporate and Investment Bank to partially finance two new cruise ships, providing up to about $2.5 billion for each vessel. Each facility is insured by Italian export credit agency SACE S.p.A., carries interest at six-month Term SOFR plus 0.90%, and matures twelve years after the relevant ship's delivery, with the vessels scheduled for delivery in 2034 and 2036.
Key points
- The facilities fund 80% of delivery payments under the shipbuilding contracts and the related SACE insurance premiums.
- Loans are repaid in 24 equal semi-annual installments starting six months after each ship's delivery date.
- Obligations are guaranteed by NCL Corporation Ltd. and secured by a share charge over each borrower's equity before delivery and a first-lien ship mortgage on delivery.
- Vessel 1 is to be delivered in 2034 and Vessel 2 in 2036.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 1.01Entry into a Material Definitive Agreement
- 2.03Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
- 9.01Financial Statements and Exhibits
From the filing
Item 1.01 Entry into a Material Definitive Agreement. Terms and Conditions for Cruise Vessel Financing On October 27, 2026, NCL Corporation Ltd. (“NCLC”), a subsidiary of Norwegian Cruise Line Holdings Ltd. (“NCLH”), as guarantor, and its subsidiaries NCL NextGen Class III Ltd. and NCL NextGen Class IV Ltd., as borrowers, entered into separate credit facility agreements (collectively, the “Credit Facilities” and each, a “Credit Facility”) 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, one to…
An excerpt of the text as filed with the SEC, cut for length.
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