NCL Corporation Ltd., a subsidiary of Norwegian Cruise Line Holdings Ltd., has entered into significant credit facility agreements to finance the construction of two new cruise vessels. The agreements, signed on July 17, 2025, involve NCL NextGen Class I Ltd. and NCL NextGen Class II Ltd. as borrowers, with Crédit Agricole Corporate and Investment Bank acting as the facility agent. The financing includes up to $2.44 billion for Vessel 1, scheduled for delivery in 2030, and $2.47 billion for Vessel 2, expected in 2032. These credit facilities will cover 80% of the delivery payments and related insurance premiums, with repayment structured over twelve years in semi-annual installments. The arrangements are backed by insurance policies from SACE S.p.A., the Italian state export credit agency.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.