Norwegian Cruise Line Hldg Ltd Stock Price, News & Analysis

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.

Norwegian Cruise Line (NYSE:NCLH) has announced a major expansion of its private island, Great Stirrup Cay in the Bahamas, headlined by the new Great Tides Waterpark opening in summer 2026. The nearly six-acre waterpark will feature 19 waterslides, an 800-foot dynamic river, and the industry's first cliffside jumps.

The expansion includes the 170-foot Tidal Tower, a 9,000-square-foot kids splash zone, and new amenities like jet karts, a heated pool, and a multi-ship pier. The company expects to welcome one million guests across 15 ships to Great Stirrup Cay in 2026. NCL is launching a nationwide sweepstakes giving away 250 cruise packages and offering up to $1,500 off Caribbean and Bahamas sailings through "The Great Life Sale."

Oceania Cruises (NYSE:NCLH) has announced the launch of a new premium culinary experience - the Gérard Bertrand Food and Wine Pairing lunch. The six-course experience, priced at $175 per person, will debut on Oceania Allura™ on July 18, 2025, followed by Oceania Vista® in September, and Oceania Marina™ and Riviera™ by 2026.

The exclusive dining experience, limited to 40 guests, will be hosted in the French restaurant Jacques, featuring carefully curated pairings of gourmet dishes with premium Gérard Bertrand wines from the South of France. The experience joins Oceania's collection of premium dining experiences, including the Moët & Chandon Champagne Experience, Connoisseur Wine Pairing Lunches, and The Dom Pérignon Experience.

Norwegian Cruise Line Holdings (NYSE:NCLH) has scheduled its second quarter 2025 financial results announcement for July 31, 2025. The company will release results at 6:30 a.m. Eastern Time, followed by a conference call and webcast at 8:00 a.m. Eastern Time.

NCLH operates three cruise brands with a combined fleet of 34 ships and over 71,000 berths, serving approximately 700 destinations worldwide. The company has plans to expand its fleet with 13 additional ships through 2036, which will add more than 38,400 berths.