Tag Archives: Norwegian Prima

NCLH: Amendment and Extension of Operating Credit Facility

Posted on by
Reply

Norwegian Cruise Line Holdings today announced it has amended and extended the majority of its operating credit facility consisting of its senior secured revolving credit facility and senior secured term loan A facility on December 6, 2022.

The amendment has resulted in the extension of maturities of approximately $1.4 billion of the Operating Credit Facility by one year to January 2025, according to a press release.

The Company is actively pursuing alternatives to address the remaining debt associated with the Operating Credit Facility that will otherwise mature in January 2024.

“We are pleased to have successfully amended and extended the majority of our Operating Credit Facility by one year to 2025,” said Mark A. Kempa, executive vice president and chief financial officer of Norwegian Cruise Line Holdings Ltd. “As part of this amendment, we were able to modify certain financial covenants and secure additional debt capacity of $1.5 billion, including approximately $0.5 billion of secured debt capacity. While we continue to believe our ongoing and organic cash generation provides a path to restore our balance sheet over time, the increase in debt capacity provides meaningful additional financial flexibility if needed, as we prepare for multiple scenarios in an uncertain macroeconomic environment.”

The Operating Credit Facility consists of the $875.0 million senior secured revolving credit facility and the senior secured term loan A facility with an outstanding principal amount of approximately $1.5 billion as of September 30, 2022. Additional details on the terms of the amendment can be found in the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on December 9, 2022.

Norwegian Prima is to sail from Southampton in 2025

Posted on by
Reply

The ship, launched this summer as the first of six Prima-class vessels will operate a series of 10 and 11 “open jaw” cruises between Southampton and Reykjavik from May to September 2025.

The news comes after Norwegian Cruise Line president and chief executive Harry Sommer confirmed in August that a Prima-class ship would be based in Southampton.

Norwegian Prima’s 2025 itineraries from Southampton will include trips to Geiranger in Norway’s fjords, as well as ports such as Alesund, Flam and Bergen, plus Iceland, Zeebrugge in Belgium and Amsterdam.

The ship, which will sail from the US in 2023 and 2024, offers attractions such as the largest racetrack at sea, increased deck space and a three-deck theatre that converts to a nightclub.

NCL made the announcement as part of the release of its winter 2024/25 and summer 2025 programmes in Europe, the Caribbean and Alaska.

The line’s European deployment plans also include basing Norwegian Viva from Athens between May and November 2025. Viva will be the second Prima-class ship when it debuts next summer.

Meanwhile Norwegian Breakaway will sail a series of round-trip itineraries from Barcelona between April and October 2025.

Sommer said: “Our itineraries are designed to provide longer port hours and fewer sea days to truly allow our guests the opportunity to dive into the cultures and destinations they are visiting.”

Before heading to the UK in 2025, Norwegian Prima will operate a series of round-trip itineraries from New York to the Caribbean in winter 2024/25.

Norwegian Prima: Top 5 Unique Features

Posted on by
Reply

Ushering a new era for Norwegian Cruise Line, the Norwegian Prima debuted earlier this year.

First, in a series of six new cruise ships, the 142,000-ton vessel is equipped with several new features, such as the ocean’s largest go-kart racetrack and an upscale food marketplace.

Cruise Industry News selected five of the ship’s most unique attributes.

Indulge Food Hall

The Prima boasts what Norwegian Cruise Line calls its first “upscale food hall”.

Partly located on the ship’s external promenade, Ocean Boulevard, the venue features a marketplace that offers diverse menu items from a variety of 11 different culinary options. Three full-service restaurants are also located in the adjacencies, Onda by Scarpetta, Los Lobos, and The Local Bar & Grill.

 The Haven

The Haven by Norwegian is returning on the Prima, offering the brand’s biggest and most exclusive ship-within-a-ship suite complex. Spanning eight decks of suites and public areas, it is accessible via private elevators and located aft of the ship for the very first time.

According to Norwegian, the area was designed to be more open to the sea than ever before with every public area offering ocean views. Other reimagined areas are the sundeck, which now offers a new infinity pool overlooking the ship’s wake, and a new outdoor spa, with a glass-walled sauna and cold room.

Prima Speedway

The Prima is also bringing back one of Norwegian Cruise Line’s most famous signature features, the go-kart racetrack.

According to the company, the Prima Speedway “will up the ante,” with the largest and first-ever three-level racetrack. Featuring a longer straightaway with a course of 420 meters in length, the speedway will go around and through the funnel of the ship and boasts 14 turns where 15 drivers can simultaneously race on the open ocean, reaching speeds of more than 50km/h.

Transformational Theater

Described by Norwegian as a “groundbreaking transformational theatre,” the ship’s showroom will double down as a nightclub.

The three-story venue, designed to seamlessly convert the space from a state-of-the-art performance stage to an expansive dance floor, will feature a customizable seating layout and moving LED screens that lower from the ceiling and are nearly half the size of the venue.

The Drop

Another unique feature of the vessel is The Drop. According to Norwegian, the attraction is the world’s first freefall dry slide where users will experience a 10-story plunge while reaching the highest G-forces of any cruise line.

Located on the side of the ship, the attraction also features duelling dry slides known as The Rush.