Current report filing

Long-Term Debt (Tables)

v3.20.1
Long-Term Debt (Tables)
12 Months Ended
Dec. 31, 2019
Debt Disclosure [Abstract]  
Schedule of long-term debt

Long-term debt consisted of the following:

Interest Rate

Balance

December 31, 

Maturities

December 31, 

    

2019

    

2018

    

Through

    

2019

    

2018

(in thousands)

$875.0 million senior secured revolving credit facility

3.96

%  

2024

$

$

130,000

$75.0 million revolving credit line

2.75

%  

2020

75,000

Term Loan A

3.06

%  

4.01

%  

2024

 

1,565,512

 

1,256,167

$375.0 million Term Loan B (1)

4.26

%  

2021

 

 

368,982

$700.0 million 4.750% senior unsecured notes

4.75

%  

2021

 

 

561,021

$565.0 million 3.625% senior unsecured notes

3.63

%  

2024

558,781

€662.9 million Norwegian Epic term loan (2)

4.58

%  

2022

 

 

259,394

$260 million Norwegian Jewel term loan

2.54

%  

2022

221,860

$230 million Pride of America term loan

2.81

%  

2021

 

229,621

 

€529.8 million Breakaway one loan (2)

2.84

%  

4.09

%  

2025

 

305,969

 

360,680

€529.8 million Breakaway two loan (2)

4.10

%  

4.50

%  

2026

 

370,531

 

426,503

€590.5 million Breakaway three loan (2)

2.98

%  

2.98

%  

2027

 

478,665

 

537,223

€729.9 million Breakaway four loan (2)

2.98

%  

2.98

%  

2029

 

630,088

 

694,536

€710.8 million Seahawk 1 term loan (2)

3.92

%  

3.92

%  

2030

 

692,150

 

756,061

€748.7 million Seahawk 2 term loan (2)

3.92

%  

3.92

%  

2031

 

856,188

 

187,612

Leonardo newbuild one loan

2.68

%  

2.68

%  

2034

 

48,009

 

48,009

Leonardo newbuild two loan

2.77

%  

2.77

%  

2035

 

48,009

 

48,009

Leonardo newbuild three loan

1.22

%  

1.22

%  

2036

 

42,700

 

43,667

Leonardo newbuild four loan

1.31

%  

1.31

%  

2037

 

42,700

 

43,667

Sirena loan

2.75

%  

2019

 

 

13,856

Explorer newbuild loan

3.43

%  

3.43

%  

2028

 

242,449

 

268,970

Marina newbuild loan (3)

2.75

%  

3.07

%  

2023

 

156,319

 

201,007

Riviera newbuild loan (4)

2.48

%  

3.32

%  

2024

 

202,233

 

247,203

Finance lease and license obligations

Various

 

Various

 

2028

 

34,909

 

39,524

Total debt

 

  

6,801,693

 

6,492,091

Less: current portion of long-term debt

 

  

(746,358)

 

(681,218)

Total long-term debt

 

  

$

6,055,335

$

5,810,873

(1) Includes original issue discount of $0.7 million as of December 31, 2018.
(2) Currently U.S. dollar-denominated.
(3) Includes premium of $0.1 million as of December 31, 2019 and 2018.
(4) Includes premium of $0.1 million and $0.2 million as of December 31, 2019 and 2018, respectively.
Schedule of principal repayments on long-term debt including finance lease obligations

The following are scheduled principal repayments on long-term debt including finance lease obligations as of December 31, 2019 for each of the next five years (in thousands):

Year

    

Amount

2020

$

746,358

2021

 

899,206

2022

 

667,456

2023

 

574,492

2024

 

2,260,295

Thereafter

 

1,778,870

Total

$

6,926,677