Market Data
Solutions
Market Overview
Consumer Discretionary
Hotels, Restaurants, Gaming & Leisure
Parent Companies
Norwegian Cruise Lines Holdings Ltd
NCL Corp Ltd
2020-1
NCL Corp Ltd (NCLC) 2020-1
HYC
COND
NCLC 2020-1 (USD 675m)
Norwegian Cruise Lines Holdings Ltd
GSC
,
BRC
,
CTI
,
CIZ
,
...
USOA
May 5, 2020
CCY
SZE(M)
TNR
MTY
RNK
MO
SP
FI
TYPE
BNCH
IPT
GDNC
SPRD
CPN
NIC
PRICE
USD
675.000
4
May-24
Sr. Secured
Ba2
BB
-
Fixed
Tsy
-
12.25-12.5%
1226
12.25%
-
99.00000
Hide Details
Tranche Comments
4 yr: Registration: 144A/Reg S; Comments: US$675m(upsized from US$600m) 12.25% cpn 4-year (5/15/24) NCL. At 99.00 to yld 12.575%. Spread: T+1226bp. MWC T+50bp. Equity claw: Up to 35% at 112.25 prior to 2/15/22.;
Use of Proceeds
Repay notes and General corporate purposes
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