Norwegian Cruise Line plans $750 million notes sale

NCL Corporation Ltd., a subsidiary of Norwegian Cruise Line Holdings Ltd., announced on September 30, 2026, a proposed private offering of $750.0 million aggregate principal amount of senior notes due 2031. The offering is exempt from registration under the Securities Act of 1933 and targets qualified institutional buyers in the United States and non-U.S. investors abroad.

The company intends to combine the net proceeds with cash on hand to redeem all outstanding 6.125% senior notes due 2028 issued by subsidiary NCL Finance, Ltd. The redemption remains conditioned on the closing of the notes offering.

Funds will also cover approximately $176.3 million in borrowings under its existing senior secured revolving loan facility and approximately $42.2 million under export-credit backed financing facilities. The proceeds will also pay accrued and unpaid interest alongside related transaction fees and expenses.

Norwegian Cruise Line Holdings operates Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises. The group operates a combined fleet of 33 ships with about 72,000 berths, excluding two chartered vessels, and plans to add 16 ships and roughly 43,000 berths through 2037.