NCL Corporation Ltd. Announces Pricing of $2,050.0 Million of Senior Notes

Core Viewpoint - NCL Corporation Ltd. has announced the pricing of $1,200 million in 5.875% senior notes due 2031 and $850 million in 6.250% senior notes due 2033, as part of a private offering exempt from registration under the Securities Act [1][2] Group 1: Unsecured Notes Offering - The Unsecured Notes Offering is expected to close on September 17, 2025, subject to customary closing conditions [2] - The net proceeds from the Unsecured Notes Offering will be used to fund a concurrent tender offer for 5.875% senior notes due 2026 and 5.875% senior secured notes due 2027, redeem all 2026 and 2027 Notes not accepted in the tender offer, redeem all 8.125% senior secured notes due 2029, and pay accrued interest and related transaction costs [2] - The transactions will be essentially neutral to NCLC's leverage [2] Group 2: Offering Details - The Unsecured Notes are offered only to qualified institutional buyers under Rule 144A and to non-U.S. investors under Regulation S, and will not be registered under the Securities Act [3] - The offering does not constitute an offer to sell or a solicitation of an offer to buy any security [4] Group 3: Company Overview - Norwegian Cruise Line Holdings Ltd. operates Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises, with a combined fleet of 34 ships and over 71,000 berths, offering itineraries to approximately 700 destinations worldwide [5] - The company plans to add 13 additional ships across its brands by 2036, which will increase its fleet capacity by over 38,400 berths [5]