Every 8-K that Norwegian Cruise Line Holdings Ltd. (NCLH) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow NCLH and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full NCLH filings page.
Norwegian Cruise Line Holdings Ltd. expects its third-quarter 2026 results to exceed the guidance in its second-quarter 2026 earnings release, primarily driven by better-than-expected revenue performance. It reaffirmed its full-year 2026 guidance from that release. As adjusted for transactions separately announced on September 30, 2026 by its subsidiary, NCL Corporation Ltd., NCLH expects 2027 full-year net interest expense in the range of $860-$880 million.
Norwegian Cruise Line Holdings Ltd. reported that its Board of Directors has set the frequency of non-binding shareholder advisory votes on named executive officer compensation. Following shareholder preferences expressed at the 2026 Annual General Meeting held on June 11, 2026, and consistent with the Board’s prior recommendation, the Board decided on August 11, 2026 that Say-on-Pay Votes will be held on an annual basis. This annual schedule will continue until the next required advisory vote on the frequency of Say-on-Pay Votes, which will occur no later than the Company’s 2032 annual meeting, unless the Board determines otherwise.
Norwegian Cruise Line Holdings reported second quarter 2026 revenue of $2.64 billion, up 4.9% year over year, driven by higher Capacity Days. GAAP net income rose to $223 million, or $0.48 per diluted share, compared with $30 million, or $0.07, a year earlier.
Adjusted EBITDA was about $666 million, down 4.1% versus 2025 but above guidance, while Adjusted EPS of $0.48 exceeded guidance of $0.38. Net Yield decreased roughly 2.1% as reported, and gross margin per Capacity Day declined 11.6%. The company identified an additional $100 million of expected annualized cost savings, bringing total savings initiatives over three years to more than $500 million.
For full year 2026, guidance calls for Adjusted EBITDA of approximately $2.5 billion, Adjusted Net Income of about $700 million and Adjusted EPS of about $1.50, with Net Yield on a Constant Currency basis down around 5% versus 2025. Q3 2026 guidance includes Net Yield down 8.9%, Adjusted EBITDA of $874 million and occupancy of 104%. As of June 30, 2026, total debt was $15.0 billion, Net Debt $14.8 billion, Net Leverage 5.3x and liquidity $1.5 billion, including $218 million of cash. The company also plans to sell the Oceania Sirena, open the Great Tides Waterpark on September 4, 2026, and has elected to settle certain 2027 exchangeable notes in cash, which is expected to reduce 2026 diluted weighted-average shares by about 4 million versus prior guidance.
Norwegian Cruise Line Holdings Ltd. held its annual general meeting where shareholders approved an amended and restated 2013 Performance Incentive Plan. The plan allows delivery of up to 56,816,006 ordinary shares through various equity and cash awards to employees, directors, and eligible consultants.
Shareholders also approved executive compensation on an advisory basis and chose to hold future Say‑on‑Pay votes annually. They ratified PwC as independent auditor for the year ending December 31, 2026 and approved a shareholder proposal to declassify the Board, with strong overall turnout representing 79.25% of voting power.
Norwegian Cruise Line Holdings Ltd. announced that its subsidiary NCL Corporation Ltd. elected to irrevocably use Cash Settlement for all exchanges of its 1.125% Exchangeable Senior Notes due 2027 and 2.50% Exchangeable Senior Notes due 2027. Any exchanges with an Exchange Date on or after May 29, 2026 will be paid entirely in cash according to the applicable indentures.
The company expects this decision to reduce its previously issued diluted weighted-average shares outstanding guidance by approximately 2 million shares for the quarter ending June 30, 2026 and approximately 4 million shares for the year ending December 31, 2026.
Norwegian Cruise Line Holdings reported a profitable first quarter 2026 with total revenue of $2.33 billion, up 10% from 2025. GAAP net income was $104.7 million, or $0.23 per diluted share, compared with a loss a year earlier. Adjusted EBITDA rose 18% to $532.9 million and Adjusted Net Income increased to $107.5 million, with Adjusted EPS of $0.23, above prior guidance.
The company lowered full-year 2026 outlook, now expecting Adjusted EPS of $1.45–$1.79 and Adjusted EBITDA of $2.48–$2.64 billion, citing geopolitical headwinds, softer demand—especially for Europe—and earlier booking shortfalls. Net Yield on a constant currency basis is projected to decline 3%–5% for 2026.
Norwegian ended March 31, 2026 with total debt of $15.15 billion, Net Debt of $14.97 billion and Net Leverage of 5.3x, and liquidity of $1.6 billion. Q2 2026 guidance calls for Adjusted EBITDA of about $632 million, Net Yield down roughly 3.6% in constant currency and occupancy around 102.5%.
Norwegian Cruise Line Holdings Ltd. entered a cooperation agreement with Elliott Investment Management and its affiliates, pairing that pact with a major Board refresh. Effective March 31, 2026, five new independent directors — Alex Cruz, Kevin Lansberry, Steve Pagliuca, Brian MacDonald and Jonathan Cohen — will join the Board, while four existing directors will resign.
John W. Chidsey, the Company’s President and CEO, has been appointed Chairman, and Alex Cruz will serve as Lead Independent Director. During the cooperation period, Elliott has agreed to customary standstill and voting commitments, and the parties may add one more mutually agreed independent director by September 30, 2026. After these changes, the Board will have nine members, eight of whom are independent, and key committees are being reconstituted to include the new directors.
Norwegian Cruise Line Holdings appointed John W. Chidsey as President and CEO and detailed a long-term employment and equity package. His employment agreement runs initially through March 1, 2030, includes a base salary of $1,715,000, and a fixed $2.9 million bonus for 2026 before moving to a performance-based bonus structure from 2027.
As an inducement, Chidsey received a one-time target award of 2,139,892 restricted share units with an intended value of about $48 million, front-loaded over four years. About 967,254 time-based RSUs vest annually over four years, while 1,172,638 performance share units can vest after four years only if absolute total shareholder return CAGR meets thresholds of 5%, 10% or 20%, with up to 200% of target vesting at the top level. The package includes severance and accelerated vesting protections for qualifying terminations and change in control events.
Norwegian Cruise Line Holdings Ltd. has scheduled its 2026 Annual General Meeting of Shareholders for June 11, 2026. Shareholders of record at the close of business on April 15, 2026 will be entitled to receive notice of, and vote at, the meeting.
Under the company’s bye-laws, shareholder proposals and director nominations outside Rule 14a-8 must be delivered in writing to the Secretary at the Miami headquarters by the close of business on March 26, 2026. Previously announced deadlines for Rule 14a-8 and Rule 14a-19 matters remain unchanged.
Norwegian Cruise Line Holdings reported fourth quarter and full year 2025 results and issued 2026 guidance. Full year 2025 revenue rose 3.7% to $9.8 billion. GAAP net income was $423.2 million, down from $910.3 million, while Adjusted EBITDA increased 11% to $2.73 billion and Adjusted EPS grew 19% to $2.11.
Fourth quarter 2025 revenue grew 6% to $2.2 billion, but GAAP net income declined to $14.3 million from $254.5 million. Net leverage stood at 5.3x with total debt of $14.6 billion. Occupancy reached 101.8% in the quarter and 103.5% for the year, and is expected to rise further in 2026.
For 2026, the company targets Adjusted EBITDA of about $2.95 billion and Adjusted EPS of $2.38, with Net Yield roughly flat and Adjusted Net Cruise Cost excluding fuel up modestly. Management is focused on execution, cost discipline and gradual deleveraging, while investing in new ships and private island enhancements.
Norwegian Cruise Line Holdings Ltd. appointed board member John W. Chidsey as President and Chief Executive Officer, effective immediately, succeeding Harry Sommer, who resigned as CEO and director as part of a strategic leadership change. The board reduced its size from nine to eight after his departure.
The company expects its fourth quarter 2025 Net Yield to be around the midpoint of its previously disclosed range and anticipates core quarterly and full year 2025 results will be in line with guidance issued on November 4, 2025. Detailed results are scheduled for release on March 2, 2026.
Norwegian Cruise Line Holdings Ltd. (NCLH) filed an 8‑K and furnished a press release covering its financial results for the quarter ended September 30, 2025.
The press release is included as Exhibit 99.1. The furnished information is not deemed “filed” under Section 18 of the Exchange Act and is not incorporated by reference except as specifically stated.
Norwegian Cruise Line Holdings Ltd. (NCLH) filed an 8-K reporting material financing-related actions. The company executed two separate indentures dated September 17, 2025 with U.S. Bank Trust Company, N.A. as trustee relating to its 2031 Notes and 2033 Notes. The filing references a Notes Offering whose pricing was disclosed in a September 8, 2025 press release and a tender offer whose expiration and final results were described in a September 12, 2025 press release. The 8-K lists the related exhibits, including the indentures, the two press releases, and Inline XBRL cover page. The filing identifies these items under material definitive agreements, creation of direct financial obligations, and other events, and is signed by Mark A. Kempa.
Norwegian Cruise Line Holdings Ltd. reported that its subsidiary NCL Corporation Ltd. closed a private offering of $1,407.0 million of 0.750% exchangeable senior notes due 2030, guaranteed on a senior unsecured basis by NCLH. Net proceeds of about $1,381.4 million, together with cash and equity proceeds, were used to repurchase approximately $958.0 million principal of 1.125% exchangeable notes due 2027 for about $1,009.5 million and approximately $449.0 million principal of 2.50% exchangeable notes due 2027 for about $480.5 million.
The notes carry a 0.750% coupon, payable semi-annually, and mature on September 15, 2030, with exchange rights into NCLH ordinary shares at an initial rate of 29.1189 shares per $1,000 principal (an exchange price of about $34.34, a roughly 40.0% premium to the equity offering price). NCLH also completed a registered direct equity offering of 3,313,868 ordinary shares at $24.53 per share, with proceeds likewise used to fund the repurchases. The new notes include optional redemption features, fundamental change repurchase rights and customary covenants.
Norwegian Cruise Line Holdings Ltd. (NCLH) filed an Item 8.01 8-K reporting other events. The filing attaches three press releases dated September 8, 2025 that announce a tender offer, an equity offering, and notes offerings. The exhibits listed are 99.1 (tender offer press release), 99.2 (equity offering press release) and 99.3 (notes offerings press release). The cover page interactive XBRL file is referenced and the filing is signed by Mark A. Kempa, Executive Vice President and Chief Financial Officer.
Norwegian Cruise Line Holdings Ltd. reports that David Herrera, President of Norwegian Cruise Line, departed the company on August 20, 2025 as part of a strategic leadership change. Harry Sommer, the company’s President and Chief Executive Officer, will take over Herrera’s day-to-day responsibilities on an interim basis while a search is conducted for a permanent successor.
The company states that it remains committed to achieving its 2026 “Charting the Course” financial targets. It also notes that its previously issued full-year 2025 guidance, provided in its second quarter 2025 earnings release on July 31, remains unchanged, signaling no announced change to its current financial outlook despite the leadership transition.
Norwegian Cruise Line Holdings (NYSE:NCLH) filed an 8-K disclosing a $786 million increase in its senior secured revolving credit facility, lifting total commitments from $1.7 billion to $2.486 billion.
The amended facility matures on January 22 2030, but may spring to November 17 2026 if the 1.125% or 2.50% exchangeable notes are not refinanced and liquidity falls short. Pricing is SOFR + 1.00-2.00% or ABR + 0-1.00%, with an unused fee of 0.15-0.30% tied to leverage.
Five vessel-owning subsidiaries were added as new guarantors and collateral providers, while Norwegian Star Limited was released. A parallel supplemental indenture places the 8.125% senior secured notes due 2029 on a pari passu, first-lien basis with the upsized revolver, aligning collateral across the capital structure.
The transactions enhance near-term liquidity and collateral consistency but introduce acceleration triggers if key notes remain outstanding.