| Schedule of long-term debt |
| |
|
Interest Rate
December 31, |
|
|
Maturities |
|
|
Balance
December 31, |
|
| |
|
2014 |
|
|
2013 |
|
|
Through |
|
|
2014 |
|
|
2013 |
|
| |
|
|
|
|
|
|
|
|
|
|
(in thousands) |
|
| €662.9 million Norwegian Epic term loan (1) |
|
|
2.02 |
% |
|
|
2.02 |
% |
|
|
2022 |
|
|
$ |
535,708 |
|
|
$ |
599,996 |
|
| $625.0 million senior secured revolving credit facility |
|
|
2.16 - 2.17 |
% |
|
|
2.16 - 2.17 |
% |
|
|
2018 |
|
|
|
200,000 |
|
|
|
231,000 |
|
| $350.0 million senior secured term loan facility |
|
|
4.00 |
% |
|
|
— |
|
|
|
2021 |
|
|
|
350,000 |
|
|
|
— |
|
| $1,375.0 million term loan facility |
|
|
2.17 |
% |
|
|
2.17 |
% |
|
|
2018 |
|
|
|
1,315,625 |
|
|
|
658,125 |
|
| €308.1 million Pride of Hawai’i loan (1) |
|
|
1.18 |
% |
|
|
1.19 |
% |
|
|
2018 |
|
|
|
130,194 |
|
|
|
167,392 |
|
| $300.0 million 5.00% senior unsecured notes (2) |
|
|
5.00 |
% |
|
|
5.00 |
% |
|
|
2018 |
|
|
|
298,926 |
|
|
|
298,618 |
|
| $334.1 million Norwegian Jewel term loan |
|
|
1.18 |
% |
|
|
1.19 |
% |
|
|
2017 |
|
|
|
81,065 |
|
|
|
108,087 |
|
| €258.0 million Pride of America Hermes loan (1) |
|
|
1.19 |
% |
|
|
1.19 |
% |
|
|
2017 |
|
|
|
63,526 |
|
|
|
88,936 |
|
| €529.8 million Breakaway one loan (1) |
|
|
1.84 |
% |
|
|
1.84 |
% |
|
|
2025 |
|
|
|
594,104 |
|
|
|
650,685 |
|
| €529.8 million Breakaway two loan (1) |
|
|
4.50 |
% |
|
|
4.50 |
% |
|
|
2026 |
|
|
|
666,808 |
|
|
|
144,947 |
|
| €590.5 million Breakaway three loan (1) |
|
|
2.98 |
% |
|
|
2.98 |
% |
|
|
2027 |
|
|
|
121,278 |
|
|
|
34,045 |
|
| €590.5 million Breakaway four loan (1) |
|
|
2.98 |
% |
|
|
2.98 |
% |
|
|
2029 |
|
|
|
35,057 |
|
|
|
35,057 |
|
| €126 million Norwegian Jewel term loan(1) |
|
|
1.18 |
% |
|
|
1.14 - 1.19 |
% |
|
|
2017 |
|
|
|
57,989 |
|
|
|
47,837 |
|
| €126 million Norwegian Jade term loan(1) |
|
|
1.18 |
% |
|
|
1.14 - 1.19 |
% |
|
|
2017 |
|
|
|
58,524 |
|
|
|
48,105 |
|
| €666 million Seahawk 1 term loan(1) |
|
|
3.92 |
% |
|
|
— |
|
|
|
2030 |
|
|
|
40,845 |
|
|
|
— |
|
| €666 million Seahawk 2 term loan(1) |
|
|
3.92 |
% |
|
|
— |
|
|
|
2031 |
|
|
|
40,845 |
|
|
|
— |
|
| $680 million 5.25% senior unsecured notes |
|
|
5.25 |
% |
|
|
— |
|
|
|
2019 |
|
|
|
680,000 |
|
|
|
— |
|
| Sirena loan |
|
|
2.75 |
% |
|
|
— |
|
|
|
2019 |
|
|
|
82,000 |
|
|
|
— |
|
| Marina newbuild loan(3) |
|
|
0.88 |
% |
|
|
— |
|
|
|
2023 |
|
|
|
379,868 |
|
|
|
— |
|
| Riviera newbuild loan(4) |
|
|
0.87 |
% |
|
|
— |
|
|
|
2024 |
|
|
|
427,184 |
|
|
|
— |
|
| Capital lease obligations |
|
|
1.62%-12.93 |
% |
|
|
1.62 - 5.00 |
% |
|
|
2022 |
|
|
|
24,558 |
|
|
|
14,959 |
|
| Total debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6,184,104 |
|
|
|
3,127,789 |
|
| Less: current portion of long-term debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(576,947 |
) |
|
|
(286,575 |
) |
| Total long-term debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
5,607,157 |
|
|
$ |
2,841,214 |
|
|
(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 $0.4 million as of December 31, 2014. |
|
(4) |
Includes premium of $0.5 million as of December 31, 2014. |
|
| Schedule of principal repayments on long-term debt |
The following are scheduled principal repayments on long-term debt including capital lease obligations as of December 31, 2014 for each of the next five years (in thousands):
| Year |
|
Amount |
|
| 2015 |
|
$ |
576,947 |
|
| 2016 |
|
|
573,929 |
|
| 2017 |
|
|
534,446 |
|
| 2018 |
|
|
1,746,830 |
|
| 2019 |
|
|
992,463 |
|
| Thereafter |
|
|
1,759,489 |
|
| Total |
|
$ |
6,184,104 |
|
|