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NCL Corporation Ltd. Announces Debt Tender Offer

NCL Corporation Ltd. (NCLH) | September 8, 2025

By Liam Parker

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NCL Corporation Ltd. has commenced a cash tender offer to purchase its outstanding 5.875% Senior Secured Notes due 2027 and 5.875% Senior Notes due 2026.

Concurrently, NCLC launched a new Unsecured Notes Offering of $2,050.0 million.

The Tender Offer is subject to specific conditions and is not conditioned upon any minimum amount of Notes being tendered.

Tender Offer Details

Purchase of outstanding 5.875% Senior Secured Notes due 2027 and 5.875% Senior Notes due 2026.

New Unsecured Notes Offering

Launch of new senior notes in an aggregate amount of $2,050.0 million.

Tender Offer Conditions

Subject to specific conditions outlined in the Offer to Purchase.

  • The Tender Offer will expire on September 12, 2025, unless extended or terminated earlier.
  • Accrued and unpaid interest will be paid for validly tendered Notes accepted for purchase.

NCL Corporation Ltd.'s Debt Tender Offer presents an opportunity for restructuring its debt obligations and may impact its financial position. Shareholders should consider the terms carefully before participating in the offer.