What the debt is made of, and when it is due
balance sheet of Sep 30, 2026The debt note's own lines, 2025-12-31
Fixed rate $0Floating $1.9B Not stated $18.1B
| Line, as the company names it | Kind | Rate | Fixed or floating | Amount |
|---|---|---|---|---|
| Senior Unsecured Notes Due 2032 | Secured | 6.75% | not stated | $1.8B |
| Senior Unsecured Notes Due 2026 | Secured | 5.88% | not stated | $1.4B |
| 0.750% Exchangeable Senior Notes Due 2030 | Notes and bonds | 0.75–1.14% | not stated | $1.4B |
| Senior Unsecured Notes Due 2031 | Secured | 5.88% | not stated | $1.2B |
| Revolving Loan Facility | Bank loans | 5.54% | floating | $1.1B |
| Leonardo newbuild three loan | – | 1.83% | not stated | $1.1B |
| Senior Secured Notes Due 2027 | Secured | 5.88% | not stated | $1.0B |
| Leonardo newbuild two loan | – | 2.77% | not stated | $861.7M |
| Senior Unsecured Notes Due 2033 | Secured | 6.25% | not stated | $840.7M |
| Leonardo newbuild one loan | – | 2.68% | not stated | $794.9M |
| Senior Secured Notes Due 2029 | Secured | 8.12% | not stated | $790.0M |
| Allura newbuild loan | – | 1.50% | not stated | $623.2M |
| Senior Secured Notes Due 2028 | Secured | 8.38% | not stated | $600.0M |
| Senior Unsecured Notes Due 2029 | Secured | 7.75% | not stated | $596.0M |
| 529.8 million Breakaway one loan | – | – | not stated | $529.8M |
| 529.8 million Breakaway two loan | – | – | not stated | $529.8M |
| Senior Unsecured Notes Due 2028 | Secured | 6.12% | not stated | $522.6M |
| Vista newbuild loan | – | 3.64% | not stated | $468.8M |
| 748.7 million Seahawk 2 term loan | Bank loans | 3.98% | floating | $453.2M |
| Exchangeable Senior Notes Due 2025 | Notes and bonds | 5.38% | not stated | $450.0M |
| Grandeur newbuild loan | – | 3.70% | not stated | $423.0M |
| 0.875% Exchangeable Senior Notes Due 2030 | Notes and bonds | 0.88–1.07% | not stated | $353.9M |
| 710.8 million Seahawk 1 term loan | Bank loans | 3.99% | floating | $318.9M |
| Senior Unsecured Notes Due 2030 | Secured | 6.25% | not stated | $311.5M |
| Leonardo newbuild four loan | – | 1.96% | not stated | $278.1M |
| 729.9 million Breakaway four loan | – | 3.16% | not stated | $253.7M |
| Splendor Newbuild Loan | – | 3.20% | not stated | $236.5M |
| 1.125% Exchangeable Senior Notes Due 2027 | Notes and bonds | 1.12–1.64% | not stated | $192.0M |
| Prestige newbuild loan | – | 5.72% | not stated | $156.2M |
| 590.5 million Breakaway three loan | – | 3.27% | not stated | $137.0M |
| Sonata newbuild loan | – | 5.72% | not stated | $119.1M |
| Explorer Newbuild Loan | – | 3.76% | not stated | $84.0M |
| 2.5% Exchangeable Senior Notes Due 2027 | Notes and bonds | 2.50–3.06% | not stated | $24.1M |
| Arietta newbuild loan | – | 5.72% | not stated | $16.8M |
| Prestige Class 2 newbuild loan | – | 5.72% | not stated | $15.1M |
All 35 lines
From the debt note in the 10-K's XBRL (0001104659-26-022067), as the company tags it: by issue, by year, by currency or by kind. Lines from two ways of cutting the same debt can overlap, so they are not added up. Fixed or floating is read from the line's own name only; "not stated" when it says neither.
Left: the debt lines on the balance sheet (XBRL). Right: the principal due each year, from the debt note's maturity schedule; it can differ a little from the balance sheet, which shows the debt net of discounts and fees. Leases are not counted.
When NCLH has to repay the principal of its long-term debt, from the debt note of the 10-Q filed Oct 29, 2026 (balance sheet of Sep 30, 2026). Fiscal years are counted from that date.
| When | Principal due | Share | |
|---|---|---|---|
| Next 12 months FY2027 | $1.1B | 7% | |
| Year 2 FY2028 | $1.3B | 9% | |
| Year 3 FY2029 | $1.4B | 9% | |
| Year 4 FY2030 | $4.1B | 27% | |
| Year 5 FY2031 | $1.9B | 12% | |
| After year 5 | $5.4B | 36% |
Principal only: interest, leases and commercial paper are not in this schedule. Hover a row for its XBRL line. Open the filing ↗
Work on NCLH in a spreadsheet:
Excel workbook (a sheet per section, ten years by column, charts, links to the filings) ·
CSV.
For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/NCLH/export.csv") into a cell.