| Long-Term Debt |
Long-term debt
consisted of the following:
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Interest Rate
December 31, |
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Maturities
Through |
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Balance
December 31, |
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| |
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2013 |
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2012 |
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2013 |
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2012 |
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(in
thousands) |
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€662.9 million
Norwegian Epic Term Loan (1)
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|
2.02% |
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2.19% |
|
|
2022 |
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|
$ |
599,996 |
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|
$ |
662,729 |
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€624.0 million
Norwegian Pearl and Norwegian Gem Revolving Credit Facility
(1)
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— |
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3.40% |
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— |
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— |
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549,022 |
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$625.0 million Senior
Secured Revolving Credit Facility
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2.16 - 2.17% |
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— |
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2018 |
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231,000 |
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|
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— |
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$675.0 million Term
Loan Facility
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2.17% |
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— |
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2018 |
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658,125 |
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— |
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$450.0 million 11.75% Senior
Secured Notes (2)
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— |
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11.75% |
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— |
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— |
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446,571 |
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€308.1 million
Pride of Hawai’i Loan (1)
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1.19% |
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2.18% |
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2018 |
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|
167,392 |
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232,583 |
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$350.0 million 9.50% Senior
Unsecured Notes (3)
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— |
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9.50% |
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— |
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— |
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355,419 |
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$300.0 million 5.00% Senior
Notes (4)
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5.00% |
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— |
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2018 |
|
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|
298,618 |
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— |
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$334.1 million Norwegian
Jewel Term Loan
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1.19% |
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3.06% - 6.86% |
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|
2017 |
|
|
|
108,087 |
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|
150,359 |
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€258.0 million
Pride of America Hermes Loan (1)
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1.19% |
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3.06% - 6.47% |
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2017 |
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88,936 |
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133,468 |
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$750.0 million Senior
Secured Revolving Credit Facility
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— |
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4.25% |
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— |
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|
— |
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91,000 |
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€529.8 million
Breakaway One Loan (1)
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1.84% |
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1.91% |
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|
2025 |
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|
650,685 |
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150,996 |
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€529.8 million
Breakaway Two Loan (1)
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4.50% |
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4.50% |
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2026 |
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|
144,947 |
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112,809 |
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€590.5 million
Breakaway Three Loan (1)
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2.98% |
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2.98% |
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2027 |
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34,045 |
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34,045 |
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€590.5 million
Breakaway Four Loan (1)
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2.98% |
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— |
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2029 |
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35,057 |
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— |
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€40.0 million
Pride of America Commercial Loan (1)
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— |
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3.06% - 7.35% |
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— |
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— |
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20,288 |
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€126 million
Norwegian Jewel Term Loan
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1.14 - 1.19% |
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1.92% |
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2016 |
|
|
|
47,837 |
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|
22,134 |
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€126 million
Norwegian Jade Term Loan
|
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1.14 - 1.19% |
|
1.92% |
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2017 |
|
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|
48,105 |
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|
22,134 |
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Capital lease
obligations
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1.62 - 5.00% |
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3.00% - 5.00% |
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2020 |
|
|
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14,959 |
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|
1,796 |
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Total debt
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3,127,789 |
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2,985,353 |
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Less: current portion of
long-term debt
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|
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(286,575 |
) |
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(221,233 |
) |
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Total long-term
debt
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$ |
2,841,214 |
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$ |
2,764,120 |
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| (1) |
Currently U.S.
dollar-denominated. |
| (2) |
Net of unamortized original
issue discount of $3.4 million as of December 31,
2012. |
| (3) |
Net of unamortized premium
of $5.4 million as of December 31, 2012. |
| (4) |
Net of unamortized original
issue discount of $1.4 million as of December 31,
2013. |
|
| Schedule of Principal Payments on Long-term Debt |
The following
are scheduled principal repayments on long-term debt including
capital lease obligations as of December 31, 2013 for each of
the next five years (in thousands):
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Year
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|
Amount |
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2014
|
|
$ |
286,575 |
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2015
|
|
|
323,512 |
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2016
|
|
|
322,295 |
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2017
|
|
|
292,942 |
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2018
|
|
|
1,124,638 |
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|
Thereafter
|
|
|
777,827 |
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Total
|
|
$ |
3,127,789 |
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