| Schedule of long-term debt |
| |
|
Interest Rate
December 31, |
|
|
Maturities |
|
|
Balance
December 31, |
|
| |
|
2017 |
|
|
2016 |
|
|
Through |
|
|
2017 |
|
|
2016 |
|
| |
|
|
|
|
|
|
|
|
|
|
(in thousands) |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| $875.0 million senior secured revolving credit facility |
|
|
3.27 |
% |
|
|
— |
|
|
|
2021 |
|
|
$ |
78,000 |
|
|
$ |
— |
|
| $750.0 million senior secured revolving credit facility |
|
|
— |
|
|
|
2.70 |
% |
|
|
2021 |
|
|
|
— |
|
|
|
129,000 |
|
| Term Loan A |
|
|
3.32 |
% |
|
|
— |
|
|
|
2021 |
|
|
|
1,385,196 |
|
|
|
— |
|
| $1,506.6 million term loan A facility |
|
|
— |
|
|
|
2.77 |
% |
|
|
2021 |
|
|
|
— |
|
|
|
1,459,033 |
|
| $375.0 million Term Loan B (1) |
|
|
3.18 |
% |
|
|
— |
|
|
|
2021 |
|
|
|
371,914 |
|
|
|
— |
|
| $700.0 million 4.750% senior unsecured notes |
|
|
4.75 |
% |
|
|
4.75 |
% |
|
|
2021 |
|
|
|
693,413 |
|
|
|
691,767 |
|
| $600.0 million 4.625% senior unsecured notes |
|
|
— |
|
|
|
4.63 |
% |
|
|
2020 |
|
|
|
— |
|
|
|
592,031 |
|
| €662.9 million Norwegian Epic term loan (2) |
|
|
3.44 |
% |
|
|
3.00 |
% |
|
|
2022 |
|
|
|
328,646 |
|
|
|
395,830 |
|
| €308.1 million Pride of Hawai’i loan (2) |
|
|
2.31 |
% |
|
|
1.83 |
% |
|
|
2018 |
|
|
|
18,438 |
|
|
|
54,601 |
|
| $334.1 million Norwegian Jewel term loan |
|
|
— |
|
|
|
1.83 |
% |
|
|
2017 |
|
|
|
— |
|
|
|
26,919 |
|
| €258.0 million Pride of America Hermes loan (2) |
|
|
— |
|
|
|
1.90 |
% |
|
|
2017 |
|
|
|
— |
|
|
|
12,654 |
|
| €529.8 million Breakaway one loan (2) |
|
|
2.97 |
% |
|
|
2.49 |
% |
|
|
2025 |
|
|
|
415,039 |
|
|
|
469,100 |
|
| €529.8 million Breakaway two loan (2) |
|
|
4.50 |
% |
|
|
4.50 |
% |
|
|
2026 |
|
|
|
482,133 |
|
|
|
537,478 |
|
| €590.5 million Breakaway three loan (2) |
|
|
2.98 |
% |
|
|
2.98 |
% |
|
|
2027 |
|
|
|
595,494 |
|
|
|
653,474 |
|
| €729.9 million Breakaway four loan (2) |
|
|
2.98 |
% |
|
|
2.98 |
% |
|
|
2029 |
|
|
|
758,595 |
|
|
|
150,834 |
|
| €126 million Norwegian Jewel term loan (2) |
|
|
— |
|
|
|
1.82 |
% |
|
|
2017 |
|
|
|
— |
|
|
|
7,260 |
|
| €126 million Norwegian Jade term loan (2) |
|
|
— |
|
|
|
1.82 |
% |
|
|
2017 |
|
|
|
— |
|
|
|
7,531 |
|
| €666 million Seahawk 1 term loan (2) |
|
|
3.92 |
% |
|
|
3.92 |
% |
|
|
2030 |
|
|
|
184,837 |
|
|
|
137,514 |
|
| €666 million Seahawk 2 term loan (2) |
|
|
3.92 |
% |
|
|
3.92 |
% |
|
|
2031 |
|
|
|
90,351 |
|
|
|
42,083 |
|
| Sirena loan |
|
|
2.75 |
% |
|
|
2.75 |
% |
|
|
2019 |
|
|
|
27,344 |
|
|
|
40,465 |
|
| Explorer newbuild loan |
|
|
3.43 |
% |
|
|
3.43 |
% |
|
|
2028 |
|
|
|
295,093 |
|
|
|
320,821 |
|
| Marina newbuild loan (3) |
|
|
2.00 |
% |
|
|
1.54 |
% |
|
|
2023 |
|
|
|
245,706 |
|
|
|
290,416 |
|
| Riviera newbuild loan (4) |
|
|
2.11 |
% |
|
|
1.81 |
% |
|
|
2024 |
|
|
|
292,183 |
|
|
|
337,174 |
|
| Capital lease and license obligations |
|
|
Various |
|
|
|
Various |
|
|
|
2028 |
|
|
|
45,383 |
|
|
|
42,702 |
|
| Total debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6,307,765 |
|
|
|
6,398,687 |
|
| Less: current portion of long-term debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(619,373 |
) |
|
|
(560,193 |
) |
| Total long-term debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
5,688,392 |
|
|
$ |
5,838,494 |
|
|
(1) |
Includes original issue discount of $0.9 million as of December 31, 2017. |
|
(2) |
Currently U.S. dollar-denominated. |
|
(3) |
Includes premium of $0.2 million as of December 31, 2017 and 2016. |
|
(4) |
Includes premium of $0.2 million and $0.3 million as of December 31, 2017 and 2016, respectively. |
|