Norwegian Cruise Line Holdings Ltd. · NYSE:NCLH
Norwegian Cruise Line — Debt Investor Presentation (September 2025)
7 slides from Norwegian Cruise Line's debt investor presentation, Sep 11, 2025
Slide 1: Supplementary Refinancing Materials
Supplementary Refinancing Materials September 11, 2025
Slide 2: Forward Looking Statements
F O R WA R D LO O K I N G S TAT E M E N T S 2 Some of the statements, estimates or projections contained in this presentation are “forward-looking statements” within the meaning of the U.S. federal securities laws intended to qualify for the safe harbor from liability established by the Private Secu
Slide 3: Disclaimers
D I S C L A I M E RS 3 This presentation is not directed to, or intended for distribution to or use by, any person or entity that is a citizen or resident located in any jurisdiction where such distribution, publication, availability or use would be contrary to law or regulation or which would requi
Slide 4: Key Transaction Points
K E Y T R A N S A C T I O N P O I N T S 4 1 Primary purpose of these transactions is to strengthen the Company’s capital structure by removing all the existing Secured Notes, refinancing near-term maturities and materially extending NCLH’s maturity profile 2 The Company will issue $1,200MM new 5.875
Slide 5: Key Transaction Benefits
K E Y T R A N S A C T I O N B E N E F I T S 5 ~$1,790MM reduction in secured debt, resulting in a release of collateral Expect notable accretion to Adjusted EPS, reflecting reduction of 38.1MM diluted shares and lower interest expense Pro forma Net Leverage will remain essentially neutral Material e
Slide 6: Illustrative Diluted Share Count Related to Exchangeable Notes
I L L U S T R AT I V E D I L U T E D S H A R E C O U N T R E L AT E D TO E XC H A N G E A B L E N OT E S 1. Exchangeable Notes are settled in cash up to the aggregate principal amount/par and any amount above par in cash, Ordinary Shares, or a combination of cash and Ordinary Shares at the Company’s
Slide 7: Pro Forma Debt Maturity Profile
1. The 5.375% Exchangeable Senior Notes due 2025 matured on August 1, 2025 Note: All future repayments, total debt amounts and certain variable interest rates are forward-looking and involve risks and uncertainties and are subject to change based on future events. These statements should be consider
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