Norwegian Cruise Line Holdings Ltd. filed a Current Report on Form 8-K on January 22, 2025, detailing several financial and operational updates:

1. Senior Notes Offering:
NCL Corporation Ltd., a subsidiary of Norwegian Cruise Line Holdings Ltd., completed a private offering of $1.8 billion in 6.750% senior notes due in 2032. The net proceeds, approximately $1.782 billion, were used to redeem $1.2 billion of 5.875% senior notes due 2026 and $600 million of 8.375% senior secured notes due 2028, including accrued interest, premiums, and expenses.

The notes were issued under an indenture agreement dated January 22, 2025, with interest payable semi-annually starting August 1, 2025. Redemption options prior to February 1, 2028, include a “make-whole” premium or specified percentages afterward.

2. Seventh Amended and Restated Credit Agreement (Seventh ARCA):
On January 22, 2025, NCLC entered into the Seventh ARCA, increasing its revolving loan facility from $1.2 billion to $1.7 billion, maturing January 22, 2030, with provisions tied to outstanding senior notes and liquidity tests. The agreement adjusted covenant thresholds, introduced new guarantors, and released certain previous guarantors.

3. Supplemental Indenture for 8.125% Secured Notes:
A supplemental indenture to the 2029 secured notes added new guarantors and collateral, aligning the security structure with the Seventh ARCA. Guarantor and collateral changes include the release of old guarantors and the inclusion of assets owned by new guarantors.

4. Redemption of 8.375% Senior Secured Notes:
The proceeds from the senior notes offering and available cash were used to redeem the 8.375% senior secured notes due 2028. All obligations under the 2028 notes indenture have been satisfied.

5. Other Disclosures:
Norwegian issued press releases on January 7, 2025, announcing the launch and pricing of the notes offering, which are incorporated into the filing.

This report reflects Norwegian’s financial strategy to optimize its capital structure, extend debt maturities, and improve liquidity through refinancing and credit adjustments.