| Schedule of convertible debt instruments |
The following is a summary of NCLC’s exchangeable notes as of September 30, 2022 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unamortized |
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|
|
|
|
|
|
|
|
|
Principal |
|
Deferred |
|
Net Carrying |
|
Fair Value |
|
|
Amount |
|
Financing Fees |
|
Amount |
|
Amount |
|
Leveling |
2024 Exchangeable Notes |
|
$ |
146,601 |
|
$ |
(2,357) |
|
$ |
144,244 |
|
$ |
157,958 |
|
Level 2 |
2025 Exchangeable Notes |
|
|
450,000 |
|
|
(6,932) |
|
|
443,068 |
|
|
419,864 |
|
Level 2 |
2027 1.125% Exchangeable Notes |
|
|
1,150,000 |
|
|
(24,865) |
|
|
1,125,135 |
|
|
735,161 |
|
Level 2 |
2027 2.5% Exchangeable Notes |
|
|
473,175 |
|
|
(10,789) |
|
|
462,386 |
|
|
320,974 |
|
Level 2 |
The following is a summary of NCLC’s exchangeable notes as of December 31, 2021 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unamortized Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
Discount, |
|
|
|
|
|
|
|
|
|
|
Principal |
|
including Deferred |
|
Net Carrying |
|
Fair Value |
|
|
Amount |
|
Financing Fees |
|
Amount |
|
Amount |
|
Leveling |
2024 Exchangeable Notes |
|
$ |
146,601 |
|
$ |
(3,408) |
|
$ |
143,193 |
|
$ |
249,358 |
|
Level 2 |
2025 Exchangeable Notes |
|
|
450,000 |
|
|
(8,525) |
|
|
441,475 |
|
|
642,591 |
|
Level 2 |
2027 1.125% Exchangeable Notes |
|
|
1,150,000 |
|
|
(28,948) |
|
|
1,121,052 |
|
|
1,088,510 |
|
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 |
|
Nine Months Ended |
|
|
September 30, |
|
September 30, |
|
|
2022 |
|
2021 |
|
2022 |
|
2021 |
Coupon interest |
|
$ |
14,405 |
|
$ |
18,984 |
|
$ |
41,321 |
|
$ |
62,109 |
Amortization of deferred financing fees |
|
|
3,005 |
|
|
2,593 |
|
|
8,145 |
|
|
7,802 |
Total |
|
$ |
17,410 |
|
$ |
21,577 |
|
$ |
49,466 |
|
$ |
69,911 |
|
| Schedule of principal repayments on long-term debt including exchangeable notes and 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 September 30, 2022 (in thousands):
|
|
|
|
Year |
|
Amount |
Remainder of 2022 |
|
$ |
332,696 |
2023 |
|
|
1,001,343 |
2024 |
|
|
3,763,958 |
2025 |
|
|
1,148,007 |
2026 |
|
|
2,050,992 |
2027 |
|
|
3,101,980 |
Thereafter |
|
|
2,753,755 |
Total |
|
$ |
14,152,731 |
|