Loan & DebtOct 30, 2026, 04:22 PM
Norwegian Cruise Line Secures $5B Financing for Two New Vessels
AI Summary
Norwegian Cruise Line Holdings Ltd. (NCLH) announced through its subsidiary, NCL Corporation Ltd., the entry into two credit facility agreements totaling approximately $5 billion. These facilities are intended to partially finance the purchase of two new cruise vessels, with each facility providing up to $2.5 billion for vessels scheduled for delivery in 2034 and 2036, respectively. The loans will be insured by SACE S.p.A. and will mature twelve years after the delivery of each respective ship. The interest rate is set at six-month Term SOFR plus a 0.90% margin, with repayment over twenty-four semi-annual installments.
Key Highlights
- Norwegian Cruise Line Holdings Ltd. subsidiary secured two credit facilities totaling approximately $5 billion for two new cruise vessels.
- Each credit facility is for approximately $2.5 billion, financing 80% of the delivery payments for vessels scheduled for delivery in 2034 and 2036.
- Loans will bear interest at six-month Term SOFR plus a margin of 0.90% per annum.
- Repayment will be in twenty-four equal semi-annual installments starting six months after delivery.
- The facilities are insured by SACE S.p.A., the Italian state export credit agency.
Price Impact
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