Quarterly report pursuant to Section 13 or 15(d)

Long-Term Debt (Tables)

v3.22.2.2
Long-Term Debt (Tables)
9 Months Ended
Sep. 30, 2022
Debt Disclosure [Abstract]  
Schedule of convertible debt instruments

The following is a summary of NCLC’s exchangeable notes as of September 30, 2022 (in thousands):

Unamortized

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