| Schedule of long-term debt |
| |
|
Interest Rate
December 31, |
|
|
Maturities |
|
|
Balance
December 31, |
|
| |
|
2015 |
|
|
2014 |
|
|
Through |
|
|
2015 |
|
|
2014 |
|
| |
|
|
|
|
|
|
|
|
|
|
(in thousands) |
|
| $600.0 million 4.625% senior unsecured notes |
|
|
4.625 |
% |
|
|
— |
% |
|
|
2020 |
|
|
$ |
590,037 |
|
|
$ |
— |
|
| €662.9 million Norwegian Epic term loan (1) |
|
|
2.43 |
% |
|
|
2.02 |
% |
|
|
2022 |
|
|
|
460,870 |
|
|
|
524,006 |
|
| $625.0 million senior secured revolving credit facility |
|
|
2.78 |
% |
|
|
2.16 |
% |
|
|
2018 |
|
|
|
75,000 |
|
|
|
200,000 |
|
| $350.0 million senior secured term loan facility |
|
|
4.00 |
% |
|
|
4.00 |
% |
|
|
2021 |
|
|
|
338,353 |
|
|
|
340,474 |
|
| $1,375.0 million term loan facility |
|
|
2.85 |
% |
|
|
2.17 |
% |
|
|
2018 |
|
|
|
1,185,720 |
|
|
|
1,301,210 |
|
| €308.1 million Pride of Hawai’i loan (1) |
|
|
1.27 |
% |
|
|
1.18 |
% |
|
|
2018 |
|
|
|
89,867 |
|
|
|
123,638 |
|
| $300.0 million 5.00% senior unsecured notes (2) |
|
|
— |
|
|
|
5.00 |
% |
|
|
2018 |
|
|
|
— |
|
|
|
294,746 |
|
| $334.1 million Norwegian Jewel term loan |
|
|
1.28 |
% |
|
|
1.18 |
% |
|
|
2017 |
|
|
|
53,534 |
|
|
|
78,545 |
|
| €258.0 million Pride of America Hermes loan (1) |
|
|
1.64 |
% |
|
|
1.19 |
% |
|
|
2017 |
|
|
|
37,778 |
|
|
|
61,313 |
|
| €529.8 million Breakaway one loan (1) |
|
|
1.92 |
% |
|
|
1.84 |
% |
|
|
2025 |
|
|
|
522,859 |
|
|
|
576,266 |
|
| €529.8 million Breakaway two loan (1) |
|
|
4.50 |
% |
|
|
4.50 |
% |
|
|
2026 |
|
|
|
592,531 |
|
|
|
647,258 |
|
| €590.5 million Breakaway three loan (1) |
|
|
2.98 |
% |
|
|
2.98 |
% |
|
|
2027 |
|
|
|
711,187 |
|
|
|
121,278 |
|
| €590.5 million Breakaway four loan (1) |
|
|
2.98 |
% |
|
|
2.98 |
% |
|
|
2029 |
|
|
|
108,964 |
|
|
|
35,057 |
|
| €126 million Norwegian Jewel term loan (1) |
|
|
1.27 |
% |
|
|
1.18 |
% |
|
|
2017 |
|
|
|
28,649 |
|
|
|
56,382 |
|
| €126 million Norwegian Jade term loan (1) |
|
|
1.27 |
% |
|
|
1.18 |
% |
|
|
2017 |
|
|
|
29,149 |
|
|
|
56,991 |
|
| €666 million Seahawk 1 term loan (1) |
|
|
3.92 |
% |
|
|
3.92 |
% |
|
|
2030 |
|
|
|
40,845 |
|
|
|
40,845 |
|
| €666 million Seahawk 2 term loan (1) |
|
|
3.92 |
% |
|
|
3.92 |
% |
|
|
2031 |
|
|
|
40,845 |
|
|
|
40,845 |
|
| $680 million 5.25% senior unsecured notes |
|
|
5.25 |
% |
|
|
5.25 |
% |
|
|
2019 |
|
|
|
670,059 |
|
|
|
667,559 |
|
| Sirena loan |
|
|
2.75 |
% |
|
|
2.75 |
% |
|
|
2019 |
|
|
|
53,229 |
|
|
|
82,000 |
|
| Marina newbuild loan (3) |
|
|
1.01 |
% |
|
|
0.88 |
% |
|
|
2023 |
|
|
|
335,135 |
|
|
|
379,868 |
|
| Riviera newbuild loan (4) |
|
|
1.08 |
% |
|
|
0.87 |
% |
|
|
2024 |
|
|
|
382,173 |
|
|
|
427,184 |
|
| Capital lease and license obligations |
|
|
1.62%-12.56 |
% |
|
|
1.62%-12.935 |
% |
|
|
2022 |
|
|
|
50,753 |
|
|
|
24,558 |
|
| Total debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6,397,537 |
|
|
|
6,080,023 |
|
| Less: current portion of long-term debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(629,840 |
) |
|
|
(576,947 |
) |
| Total long-term debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
5,767,697 |
|
|
$ |
5,503,076 |
|
|
(1) |
Currently U.S. dollar-denominated. |
|
(2) |
Net of unamortized original issue discount of $1.1 million as of December 31, 2014. |
|
(3) |
Includes premium of $0.3 million and $0.4 million as of December 31, 2015 and 2014, respectively. |
|
(4) |
Includes premium of $0.4 million and $0.5 million as of December 31, 2015 and 2014, respectively. |
|
| Schedule Of Reconciliation Of Changes To Long-Term Debt |
| |
|
December 31, |
|
| |
|
2015 |
|
|
2014 |
|
| Long-term debt balance prior to the adoption of ASU No. 2015-03 |
|
$ |
6,502,834 |
|
|
$ |
6,184,104 |
|
| Less: changes due to the adoption of the ASU No. 2015-03 |
|
|
105,297 |
|
|
|
104,081 |
|
| Long-term debt balance |
|
$ |
6,397,537 |
|
|
$ |
6,080,023 |
|
|