Oct 30, 4:16 PM ET
Norwegian Cruise Line Holdings' subsidiary NCL Corporation signed two credit facility agreements on October 27, 2026, providing up to approximately $2.5 billion for each of two new cruise vessels, for total borrowing capacity of about $5 billion. The loans are backed by Italian state export credit agency SACE, which insures 100% of the loans subject to conditions, and the filing does not report any effect on the company's earnings or results.
- Two facilities signed October 27, 2026, each up to approximately $2.5 billion, for Vessel 1 (delivery 2034) and Vessel 2 (delivery 2036)
- Floating rate of six-month Term SOFR plus a 0.90% margin, with customary agency, structuring and commitment fees
- Loans repaid in twenty-four equal semi-annual installments beginning six months after each ship's delivery; guaranteed by NCL Corporation
- Facilities fund 80% of delivery payments under the shipbuilding contracts and are insured by SACE, subject to conditions
Read the filing on SEC.gov ↗
Oct 29, 7:00 AM ET
Norwegian Cruise Line Holdings reported third quarter 2026 total revenue of $2.9 billion and GAAP net income of $491 million, or $1.07 per share, up from $419 million a year earlier. The company raised its full year 2026 guidance to Adjusted EBITDA of approximately $2.55 billion and Adjusted EPS of approximately $1.70, but Net Yield fell 6.5% in the quarter and Net Leverage ended at 5.5x.
- Q3 2026 Adjusted EBITDA was $937 million, above guidance of $874 million; Adjusted EPS was $1.12, above guidance of $0.90
- Full year 2026 Adjusted EBITDA guidance is approximately $2.55 billion and Adjusted EPS guidance is approximately $1.70
- Q3 2026 Net Yield declined 6.5% on an as reported basis; total debt was $15.1 billion as of September 30, 2026
- Issued $950 million of 8.750% senior notes due 2031 on October 15, 2026
Read the filing on SEC.gov ↗
Oct 29, 7:00 AM ET
Norwegian Cruise Line announced that Meghan Montana, currently Chief Strategy Officer, will become Executive Vice President and Chief Financial Officer on January 1, 2027, replacing Mark Kempa, who moves to a special advisor role through June 30, 2027. The filing sets out Montana's $875,000 base salary and Kempa's transition terms, which matter to shareholders because they mark a change in the leader of the company's finances.
- Meghan Montana becomes CFO effective January 1, 2027; her base salary is $875,000 per year.
- Mark A. Kempa remains CFO through December 31, 2026, then serves as Special Advisor to the CEO until his separation date of June 30, 2027.
- Montana's sign-on bonus totals $1,550,000, with two $400,000 installments payable after March 1, 2027 and March 1, 2028.
- Kempa will receive 33,000 time-based restricted share units in early January 2027 in lieu of a prorated 2027 bonus.
Read the filing on SEC.gov ↗
Oct 15, 4:18 PM ET
On October 15, 2026, subsidiary NCL Corporation closed a $950.0 million offering of 8.750% senior notes due 2031, with net proceeds of approximately $941.7 million. The company used the proceeds, with cash on hand, to redeem its 6.125% notes due 2028 and to repay and prepay other borrowings, and it amended its revolving credit facility to raise lender commitments to $2,801.0 million. For shareholders, the filing shows a debt refinancing and a larger revolver, but the new notes carry a higher interest rate than the notes they replaced.
- $950.0 million of 8.750% senior notes due October 15, 2031 closed October 15, 2026; net proceeds approximately $941.7 million before estimated fees and expenses.
- Proceeds, with cash on hand, used to redeem all outstanding 6.125% notes due 2028 and to repay approximately $376.3 million of revolver borrowings and prepay approximately $42.2 million of export-credit facilities.
- Revolving loan commitments increased from $2,486.0 million to $2,801.0 million; maturity is January 22, 2030, subject to conditions tied to 2027 exchangeable notes.
- Pride of America Ship Holding and Norwegian Epic were added as guarantors; Norwegian Dawn and Norwegian Spirit were released as guarantors.
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.