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

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​

​

​

​

​

​

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):

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​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

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