Norwegian Cruise Line Hldg Ltd Stock Price, News & Analysis

NCL Corporation Ltd. (NYSE: NCLH) has announced the completion of its cash tender offer for two series of notes. The company received tenders for $903.1 million (90.3%) of its 5.875% Senior Secured Notes due 2027 and $219.4 million (97.5%) of its 5.875% Senior Notes due 2026.

The tender offer consideration was set at $1,005.51 per $1,000 for the 2027 Notes and $1,003.30 per $1,000 for the 2026 Notes. Settlement is scheduled for September 17, 2025. The company plans to redeem all remaining non-tendered notes on September 18, 2025, at the same tender offer consideration price plus accrued interest.

The tender offer is contingent upon NCLC's new $2.05 billion senior notes offering to qualified institutional buyers under Rule 144A.

Oceania Cruises (NYSE:NCLH) has enhanced its "Your World Included" program by offering guests a choice between two new amenities: a shore excursion credit of up to $600 per guest or complimentary wine and beer during lunch and dinner. These additions complement the cruise line's existing inclusive amenities such as specialty dining, unlimited Starlink WiFi, and gratuities.

The enhancement applies to all bookings made from September 17, 2025, across all sailing categories. The program includes access to over 8,000 small-group immersive tours globally. The company also maintains its Best Value Guarantee, ensuring guests receive optimal value regardless of when they book.

Norwegian Cruise Line (NYSE:NCLH) subsidiary NCL Corporation has priced a $2.05 billion senior notes offering, consisting of $1.2 billion of 5.875% notes due 2031 and $850 million of 6.250% notes due 2033.

The proceeds, along with cash on hand, will be used to fund a tender offer for the company's 2026 and 2027 notes, redeem any remaining notes not tendered, and fully redeem its 8.125% senior secured notes due 2029. The offering is expected to close on September 17, 2025.

The notes are being offered exclusively to qualified institutional buyers and non-U.S. investors. The company notes that these transactions will be leverage-neutral to NCLC's balance sheet.

Norwegian Cruise Line Holdings (NYSE:NCLH) subsidiary NCL Corporation announced two significant debt offerings: $2.05 billion in senior notes (split between 2031 and 2033 maturities) and $1.2 billion in exchangeable senior notes due 2030.

The company plans to use proceeds from the senior notes offering to fund a tender offer for its 2026 and 2027 notes, redeem remaining notes not tendered, and redeem all 8.125% senior secured notes due 2029. The exchangeable notes proceeds, combined with a separate equity offering, will be used to repurchase portions of existing 1.125% and 2.50% exchangeable notes due 2027.

The offerings are limited to qualified institutional buyers under Rule 144A and non-U.S. investors under Regulation S.

NCL Corporation Ltd. (NYSE: NCLH) has launched a cash tender offer to purchase all outstanding 5.875% Senior Secured Notes due 2027 ($1 billion outstanding) and 5.875% Senior Notes due 2026 ($225 million outstanding).

Concurrently, NCLC is offering $2.05 billion in new senior notes. The tender offer expires on September 12, 2025, at 5:00 p.m. ET, with settlement expected on September 17, 2025. The tender price will be determined based on Treasury yields plus a 50 bps spread.

If less than 90% of notes are tendered, NCLC plans to redeem remaining 2027 Notes on February 15, 2026, and 2026 Notes on December 15, 2025, at 100% of principal plus accrued interest.

Norwegian Cruise Line Holdings (NYSE:NCLH) has announced a registered direct offering of ordinary shares to certain holders of its subsidiary NCL Corporation's 1.125% and 2.50% Exchangeable Senior Notes due 2027. The company plans to use the proceeds from this equity offering, along with proceeds from a separate private offering of exchangeable senior notes due 2030, to repurchase a portion of the 2027 Exchangeable Notes.

The offering is being conducted through J.P. Morgan Securities LLC as the exclusive placement agent, under an automatic shelf registration statement filed with the SEC. The completion of both the equity offering and the new exchangeable notes offering is contingent upon the successful execution of the 2027 notes repurchase plan.

Norwegian Cruise Line Holdings (NYSE:NCLH) has announced that its luxury brands Oceania Cruises and Regent Seven Seas Cruises have partnered with Diamonds International as their new fleetwide retail partner. The partnership debuts on Oceania's newest ship, Oceania Allura, introducing luxury brands including Breitling watches for the first time.

The retail experience will feature premium brands such as Ferragamo, Tumi, Chanel, Dior, and Panerai, along with Diamonds International's signature Crown of Light diamond. The partnership will extend to Regent Seven Seas Cruises, starting with Seven Seas Mariner following its refurbishment in late 2025.

Oceania Cruises (NYSE:NCLH) has unveiled its new Kangaroo Route, a 129-day Around the World voyage aboard Oceania Vista, departing February 26, 2027. The journey spans 80 ports across 34 countries and four continents, starting from Sydney and ending in London.

The luxury cruise, priced at $54,999 per person, includes the Exclusive Prestige Package with complimentary amenities such as unlimited wine, beer, and spirits or shore excursion credits. The 1,200-guest Oceania Vista features all-veranda accommodations, 11 dining venues, and a high crew-to-guest ratio of 2:3.

The voyage includes overnight stays in major cities and explores destinations across Australia, Asia, the Middle East, and Europe, offering immersive cultural experiences and luxury accommodations.

Norwegian Cruise Line Holdings (NYSE:NCLH) reported record second quarter 2025 revenue of $2.5 billion, a 6% increase year-over-year. The company delivered GAAP net income of $30.0 million with EPS of $0.07, and Adjusted EBITDA of $694 million.

Key operational metrics showed strength with occupancy at 103.9% and advance ticket sales reaching an all-time high of $4.0 billion. The company maintained its full year 2025 guidance, expecting Adjusted EBITDA of approximately $2.72 billion and Adjusted EPS of $2.05.

Strategic developments include the expansion of Great Stirrup Cay with a new six-acre waterpark opening in 2026, delivery of Oceania Allura, and confirmation of two additional Sonata Class Ships. The company successfully upsized its Revolving Loan Facility from $1.7 billion to $2.5 billion and reduced Net Leverage to 5.3x.