| Schedule of convertible debt instruments |
The following is a summary of NCLC’s exchangeable notes as of March 31, 2023 (in thousands):
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|
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|
|
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|
|
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Unamortized |
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|
|
|
|
|
|
|
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):
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|
|
|
|
|
|
|
|
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 |
|