Norwegian Cruise Line elects cash settlement for exchangeable notes, cutting dilution by 4M shares

Filed May 29, 2026 · Period ending May 29, 2026 · ~1 min read

Key Changes

• high

  NCLH's subsidiary irrevocably chose to settle all future exchanges of its 1.125% and 2.50% exchangeable notes due 2027 in cash rather than stock, eliminating potential share dilution from these instruments.

  Item 8.01 verify on EDGAR →
• high

  The cash settlement election reduces diluted share count guidance by approximately 2 million shares for Q2 2026 and 4 million shares for full-year 2026, improving earnings per share metrics for existing shareholders.

  Item 8.01 verify on EDGAR →
• medium

  The election applies to all note exchanges with an exchange date on or after May 29, 2026, and is irrevocable under the terms of both indentures governing the notes.

  Item 8.01 verify on EDGAR →