NCL - Norwegian Cruise Line - Norwegian Sky

UPDATED: NCLH takes out $675m loan against the Norwegian Epic

UPDATE 5/1: NCLH announced that they have amended the below agreement to include the Pride of America and the Norwegian Jewel and increases the credit facility to as high as $905 million.

Due to the uncertainty caused by the coronavirus, Norwegian Cruise Line Holdings made a proactive decision of taking out a $675m loan against one of their ships to give them extra cash on hand.

This JPMorgan Chase loan is backed securely by the Norwegian Epic. The total loan will have an interest rate of LIBOR + 0.8%. Given current market rates, this would equal 1.46% ($9,855,000). The loan is planed to end March 2021. They now have roughly $1.5b in liquidity.