NCL Has $1.55 Billion Line of Credit

[NikiPinkston]

We, like a lot of you, are awaiting refunds from NCL, and the thought has crossed our minds that they might declare bankruptcy during the current coronapocalypse.   I ran across this this morning & found it reassuring:

https://www.seatrade-cruise.com/news/nclh-secures-additional-675m-liquidity-amid-coronavirus-uncertainty

https://www.sec.gov/Archives/edgar/data/1513761/000119312513241788/d546950dex991.htm

This LOC is secured by the "Epic" and they obtained it March 11.  Did they have an idea of what was to come?  What do you think?

[AL3XCruise]

There was significant discussion regarding this back when it occurred, you may find answers to your questions using the search function.

 

In short, though, I doubt many people think this solves NCLH's liquidity problems.

Edited April 14, 2020 by AL3XCruise

[NikiPinkston]

Thank you, AL3XCruise.  I must have missed that.  I'll look for it.  Stay safe!