Norwegian Cruise Line Holdings NCLH

Norwegian Cruise Line Holdings: Enters material agreement, Takes on debt

Item 1.01 Enters material agreement, Item 2.03 Takes on debt

Form
8-K
Filed
Importance
Major
  1. $2.5 billion for Vessel 1 and $2.5 billion for Vessel 2
  2. Deliveries scheduled for 2034 and 2036
  3. Financing insured by SACE with 80% coverage
  4. Interest rate of 6-month SOFR plus 0.90% margin

Written from the 8-K on EDGAR. Check the filing before you rely on it.

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The reading, claim by claim

  1. The agreement involves two new cruise vessels, with each Credit Facility providing up to approximately $2.5 billion for their purchase.
  2. The ships are scheduled for delivery in 2034 and 2036.
  3. The Credit Facilities are insured by SACE S.p.A., the Italian state export credit agency, subject to certain conditions.
  4. The financing will cover 80% of the delivery payments under the construction contracts for the new ships.

4 of 4 claims matched the filing text.

From the filing

Item 1.01 Entry into a Material Definitive

Item 1.01 Entry into a Material Definitive

Agreement.

Terms and Conditions for Cruise Vessel Financing

On October 27, 2026, NCL

Corporation Ltd. ("NCLC"), a subsidiary of Norwegian Cruise Line Holdings Ltd. ("NCLH"), as guarantor, and its subsidiaries NCL NextGen Class III Ltd. and NCL NextGen Class IV Ltd., as borrowers, entered into separate credit facility agreements (collectively, the "Credit Facilities" and each, a "Credit Facility") with, among others, Crédit Agricole

Corporate and Investment Bank, as facility agent, ECA agent and security agent, and certain banks and financial institutions from time to time party thereto as lenders, for the financing of two new cruise vessels, one to be purchased by NCL NextGen Class III Ltd.1 ("Vessel

1") and the other to be purchased by NCL NextGen Class IV Ltd. ("Vessel 2" and, together with Vessel 1, the "Ships").

Each of the Credit Facilities will1 be insured by insurance policies issued by SACE S.p.A., the Italian state export credit agency3 ("SACE"), subject to certain conditions. Vessel 1 will be built for delivery in 2034 and Vessel 2 will be built for delivery in 20362.

Credit Facilities

Overview

The purpose of the Credit Facilities is to provide partial financing for the purchase of the Ships. The Credit Facilities provide for up to1

(i) approximately $2.5 billion for Vessel 1 and (ii) approximately $2.5 billion for Vessel 21, inclusive of, in each case, an amount equal to the applicable SACE insurance premium that would be payable based on the applicable pricing rate determined in accordance with NCLC's credit rating at the relevant times. The maturity date for each Credit Facility is the twelfth anniversary of the delivery date of the relevant Ship.

Availability

The Credit Facilities will be available for drawing to fund 80% of the delivery payments under each of the construction contracts for the new Ships4 (the "Shipbuilding

Contracts"), and to fund the relevant portion of each related SACE insurance premium, subject

Item 2.03 Creation of a Direct Financial

Item 2.03 Creation of a Direct Financial

Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information set forth in Item 1.01 above is incorporated into this Item 2.03 by reference.

Item 9.01 Financial Statements and Exhibits.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit

Number

Description

10.1

SACE Facility Agreement, dated October 27, 2026, among NCL NextGen Class III Ltd., as borrower, NCL Corporation Ltd., as guarantor, the lenders party thereto, Crédit Agricole Corporate and Investment Bank, as coordinator, Crédit Agricole Corporate and Investment Bank, Caixabank S.A., United Kingdom Branch, Banco Santander, S.A., BNP Paribas and Intesa SanPaolo S.P.A., New York Branch, as joint bookrunners and mandated lead arrangers, HSBC Bank Plc, Citibank, N.A. London Branch and KfW Ipex-Bank GMBH, as joint mandated lead arrangers, Banco Bilbao Vizcaya Argentaria, S.A., Milan Branch, Lloyds Bank Plc and Societe Generale, Milan Branch, as lead arrangers, and Crédit Agricole Corporate and Investment Bank, as facility agent, ECA agent, and security agent. #

10.2

SACE Facility Agreement, dated October 27, 2026, among NCL NextGen Class IV Ltd., as borrower, NCL Corporation Ltd., as guarantor, the lenders party thereto, Crédit Agricole Corporate and Investment Bank, as coordinator, Crédit Agricole Corporate and Investment Bank, Caixabank S.A., United Kingdom Branch, Banco Santander, S.A., BNP Paribas and Intesa SanPaolo S.P.A., New York Branch, as joint bookrunners and mandated lead arrangers, HSBC Bank Plc, Citibank, N.A. London Branch and KfW Ipex-Bank GMBH, as joint mandated lead arrangers, Banco Bilbao Vizcaya Argentaria, S.A., Milan Branch, Lloyds Bank Plc and Societe Generale, Milan Branch, as lead arrangers, and Crédit Agricole Corporate and Investment Bank, as facility agent, ECA agent, and security agent . #

104

The cover page from this Current Report on Form 8-K, formatted in Inline XBRL.

# Certain portions of this document that constitute confidential information have been redacted in accordance with Regulation S-K Item 601(b)(10).

SIGNATURES

Pursuant to the requirements of the Securities

Exchange Act of 1934, as amended, Norwegian Cruise Line Holdings Ltd. has duly cau

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