| Long-term debt |
Long-term debt
consisted of the following (we refer you to Note
12—“Subsequent Events”):
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Interest Rate
December 31, |
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Maturities
Through |
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Balance
December 31,
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2012 |
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2011 |
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2012 |
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2011 |
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(in
thousands) |
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€662.9 million
Norwegian Epic Term Loan (1)
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2.19% |
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2.46% |
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2022 |
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$ |
662,729 |
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$ |
723,990 |
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€624.0 million
Norwegian Pearl and Norwegian Gem Revolving Credit
Facility (1)
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3.40% |
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3.35% |
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2019 |
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549,022 |
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623,678 |
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$450.0 million 11.75%
Senior Secured Notes (2)
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11.75% |
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11.75% |
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2016 |
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446,571 |
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445,914 |
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€308.1 million Pride
of Hawai’i Loan (1)
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2.18% |
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2.20% |
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2018 |
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232,583 |
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284,449 |
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$350.0 million 9.50% Senior
Unsecured Notes (3)
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9.50% |
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9.50% |
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2018 |
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355,419 |
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250,000 |
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$334.1 million Norwegian
Jewel Term Loan
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3.06% - 6.86% |
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3.18% - 6.86% |
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2017 |
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150,359 |
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188,216 |
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€258.0 million Pride
of America Hermes Loan (1)
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3.06% - 6.47% |
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3.28% - 6.47% |
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2017 |
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133,468 |
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172,463 |
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$750.0 million Senior
Secured Revolving Credit Facility
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4.25% |
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4.31% |
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2015 |
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91,000 |
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128,000 |
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€529.8 million
Breakaway One Loan (1)
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1.91% |
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2.18% |
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2025 |
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150,996 |
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118,651 |
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€529.8 million
Breakaway Two Loan (1)
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4.50% |
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4.50% |
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2026 |
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112,809 |
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49,768 |
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€590.5 million
Breakaway Three Loan (1)
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2.98% |
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— |
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2027 |
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34,045 |
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— |
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€40.0 million Pride
of America Commercial Loan (1)
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3.06% - 7.35% |
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3.28% - 7.35% |
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2017 |
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20,288 |
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26,215 |
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€126 million
Norwegian Jewel Term Loan
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1.92% |
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2.11% |
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2016 |
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22,134 |
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10,212 |
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€126 million
Norwegian Jade Term Loan
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1.92% |
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2.11% |
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2017 |
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22,134 |
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10,212 |
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Capital lease
obligations
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3.00% - 5.00 |
% |
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3.75% - 5.00 |
% |
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2014 |
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1,796 |
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6,313 |
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Total debt
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2,985,353 |
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3,038,081 |
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Less: current portion of
long-term debt
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(221,233 |
) |
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(200,582 |
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Total long-term
debt
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$ |
2,764,120 |
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$ |
2,837,499 |
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| (1) |
Currently U.S.
dollar-denominated. |
| (2) |
Net of unamortized original
issue discount of $3.4 million and $4.1 million as of
December 31, 2012 and 2011, respectively. |
| (3) |
Net of unamortized premium
of $5.4 million as of December 31, 2012. |
|
| Schedule of Principal Payments on Long-term Debt |
The following
are scheduled principal repayments on long-term debt including
capital lease obligations as of December 31, 2012 for each of
the next five years (in thousands):
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Year
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Amount |
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2013
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$ |
221,233 |
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2014
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239,988 |
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2015
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340,724 |
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2016
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727,872 |
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2017
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277,790 |
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Thereafter
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1,177,746 |
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Total
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$ |
2,985,353 |
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