NCLH subsidiary raises revolving credit facility to $2.486 billion from $1.7 billion
NCL Corporation, a subsidiary of Norwegian Cruise Line Holdings, amended its senior secured revolving credit facility on June 26, 2025, increasing lender commitments from $1.7 billion to $2.486 billion and extending maturity to January 22, 2030, subject to earlier maturity triggers tied to certain notes. The filing also adds four ships and one vessel-owning entity as collateral guarantors and pairs the change with a Second Supplemental Indenture that secures the 8.125% 2029 Secured Notes against the same collateral.
Key points
- Revolving loan commitments increased from $1,700,000,000 to $2,486,000,000, with maturity on January 22, 2030
- Interest margins range from 1.00% to 2.00% over adjusted term SOFR for term benchmark loans; unused commitment fee of 0.15% to 0.30%
- New guarantors include Pride of America Ship Holding, LLC, Norwegian Jewel Limited, Nautica Acquisition, LLC, Regatta Acquisition, LLC and Breakaway Two, Ltd.; Norwegian Star Limited was released as guarantor
- Second Supplemental Indenture, dated June 26, 2025, extends the same guarantees and collateral to the 8.125% Senior Secured Notes due 2029
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:17 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 27, 2025.
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.