NCL Corporation Ltd. announced the expiration and results of its cash tender offer to purchase outstanding 5.875% Senior Secured Notes due 2027 and 5.875% Senior Notes due 2026. The Tender Offer expired with $903,079,000 of the $1,000,000,000 outstanding aggregate principal amount of the 2027 Notes and $219,354,000 of the $225,000,000 outstanding aggregate principal amount of the 2026 Notes being validly tendered and not withdrawn. The applicable Tender Offer Consideration for each $1,000 in principal amount of Notes was determined based on the bid-side price of the applicable Reference U.S. Treasury Security. Holders who tendered Notes will receive the Tender Offer Consideration plus accrued and unpaid interest on September 17, 2025. The Tender Offer is subject to certain conditions and is being managed by Morgan Stanley & Co. LLC. The New Unsecured Notes Offering is also being made. Norwegian Cruise Line Holdings Ltd. operates Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises. They expect to add 13 additional ships across their three brands through 2036.

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