Norwegian Cruise Line Subsidiary Upsizes Senior Notes Offering to $950 Million

04:39 AM EDT, 10/01/2026 (MT Newswires) -- Norwegian Cruise Line's (NCLH) subsidiary, NCL Corporation Ltd., said late Wednesday it priced $950 million of 8.75% senior notes due 2031, up from the previously announced $750 million. NCL is offering the notes only to qualified institutional buyers in the US under Rule 144A and to non-US investors under Regulation S, according to the company. NCL said it plans to use the proceeds and cash on hand to redeem its 6.125% senior notes due 2028, repay about $376.3 million under its revolving credit facility, and prepay about $42.2 million of export-credit-backed debt, along with related interest, fees, and expenses. The company said the offering is expected to close on Oct. 15, subject to customary conditions.