Quarterly report pursuant to Section 13 or 15(d)

Long-Term Debt (Tables)

v3.21.2
Long-Term Debt (Tables)
6 Months Ended
Jun. 30, 2021
Debt Disclosure [Abstract]  
Schedule of debt instrument interest rate

Margin

€529.8 million Breakaway one loan (Norwegian Breakaway)

1.10

%  

€529.8 million Breakaway two loan (Norwegian Getaway)

1.40

%  

€590.5 million Breakaway three loan (Norwegian Escape)

1.50

%  

€729.9 million Breakaway four loan (Norwegian Joy)

1.50

%  

€710.8 million Seahawk 1 term loan (Norwegian Bliss)

1.20

%  

€748.7 million Seahawk 2 term loan (Norwegian Encore)

1.20

%  

Explorer newbuild loan

3.00

%  

Splendor newbuild loan

1.95

%  

Marina newbuild loan

0.75

%  

Riviera newbuild loan

0.75

%  

Schedule of convertible debt instruments

The following is a summary of NCLC’s convertible debt instruments as of June 30, 2021 (in thousands):

Unamortized

Principal

Deferred

Net Carrying

Fair Value

    

Amount

    

Financing Fees

    

Amount

    

Amount

    

Leveling

2024 Exchangeable Notes

$

862,500

$

(24,115)

$

838,385

$

2,016,560

Level 2

2025 Exchangeable Notes

450,000

(9,691)

440,309

844,295

Level 2

The following is a summary of NCLC’s convertible debt instruments as of December 31, 2020 (in thousands):

Unamortized Debt

Discount,

Principal

including Deferred

Net Carrying

Fair Value

    

Amount

    

Financing Fees

    

Amount

    

Amount

    

Leveling

2024 Exchangeable Notes

$

862,500

$

(27,559)

$

834,941

$

1,812,975

Level 2

2025 Exchangeable Notes

450,000

(10,609)

439,391

772,412

Level 2

Private Exchangeable Notes

414,311

(136,163)

278,148

1,098,082

Level 2

Schedule of interest expense of convertible debt instruments

The following provides a summary of the interest expense of NCLC’s convertible debt instruments (in thousands):

Three Months

Six Months

Ended June 30, 

Ended June 30, 

2021

    

2021

Coupon interest

18,985

43,125

Amortization of deferred financing fees

2,316

5,209

Total

$

21,301

$

48,334

Schedule of principal repayments on long-term debt including finance lease obligations

The following are scheduled principal repayments on our long-term debt including finance lease obligations as of June 30, 2021 for each of the following periods (in thousands):

Year

    

Amount

Remainder of 2021

$

18,271

2022

 

856,689

2023

 

924,216

2024

 

5,060,206

2025

 

1,054,008

Thereafter

 

4,579,284

Total

$

12,492,674