Quarterly report pursuant to Section 13 or 15(d)

Long-Term Debt (Tables)

v3.23.1
Long-Term Debt (Tables)
3 Months Ended
Mar. 31, 2023
Debt Disclosure [Abstract]  
Schedule of convertible debt instruments

The following is a summary of NCLC’s exchangeable notes as of March 31, 2023 (in thousands):

Unamortized

Principal

Deferred

Net Carrying

Fair Value

    

Amount

    

Financing Fees

    

Amount

    

Amount

    

Leveling

2024 Exchangeable Notes

$

146,601

$

(1,678)

$

144,923

$

171,352

Level 2

2025 Exchangeable Notes

450,000

(5,828)

444,172

471,600

Level 2

2027 1.125% Exchangeable Notes

1,150,000

(22,145)

1,127,855

847,861

Level 2

2027 2.5% Exchangeable Notes

473,175

(9,652)

463,523

366,815

Level 2

The following is a summary of NCLC’s exchangeable notes as of December 31, 2022 (in thousands):

Unamortized Debt

Discount,

Principal

including Deferred

Net Carrying

Fair Value

    

Amount

    

Financing Fees

    

Amount

    

Amount

    

Leveling

2024 Exchangeable Notes

$

146,601

$

(1,993)

$

144,608

$

161,840

Level 2

2025 Exchangeable Notes

450,000

(6,312)

443,688

433,580

Level 2

2027 1.125% Exchangeable Notes

1,150,000

(23,457)

1,126,543

763,830

Level 2

2027 2.5% Exchangeable Notes

473,175

(10,184)

462,991

331,743

Level 2

Schedule of interest expense of convertible debt instruments

The following provides a summary of the interest expense of NCLC’s exchangeable notes (in thousands):

Three Months Ended

March 31, 

2023

    

2022

Coupon interest

$

14,438

$

12,992

Amortization of deferred financing fees

2,643

2,275

Total

$

17,081

$

15,267

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

The following are scheduled principal repayments on our long-term debt including exchangeable notes which can be settled in shares and finance lease obligations as of March 31, 2023 (in thousands):

Year

    

Amount

Remainder of 2023

$

770,436

2024

 

1,943,331

2025

 

1,846,760

2026

 

2,053,382

2027

 

3,106,106

2028

1,762,008

Thereafter

 

1,883,802

Total

$

13,365,825