v3.26.1
Long-Term Debt (Tables)
6 Months Ended
Jun. 30, 2026
Debt Disclosure [Abstract]  
Schedule of exchangeable notes The following is a summary of NCLC’s exchangeable notes as of June 30, 2026 (in thousands):

The following is a summary of NCLC’s exchangeable notes as of December 31, 2025 (in thousands):

Unamortized Debt

Discount,

Principal

including Deferred

Net Carrying

Fair Value

  ​ ​ ​

Amount

  ​ ​ ​

Financing Fees

  ​ ​ ​

Amount

  ​ ​ ​

Amount

  ​ ​ ​

Leveling

2027 1.125% Exchangeable Notes

$

192,037

$

(10,740)

$

181,297

$

190,988

Level 2

2027 2.5% Exchangeable Notes

24,138

(1,397)

22,741

24,285

Level 2

2030 0.875% Exchangeable Notes

353,876

(56,747)

297,129

387,692

Level 2

2030 0.750% Exchangeable Notes

1,407,000

(324,902)

1,082,098

1,354,111

Level 2

Schedule of interest expense of exchangeable notes

The following provides a summary of the interest expense of NCLC’s exchangeable notes (in thousands):

Three Months Ended

Six Months Ended

June 30, 

June 30, 

2026

  ​ ​ ​

2025

2026

  ​ ​ ​

2025

Coupon interest

$

4,103

$

8,567

$

8,148

$

20,805

Amortization of discount and deferred financing fees

20,750

24,436

40,913

53,267

Total

$

24,853

$

33,003

$

49,061

$

74,072

Schedule of principal repayments on long-term debt including exchangeable notes and finance lease obligations

The following are scheduled principal repayments on our long-term debt including exchangeable notes and finance lease obligations as of June 30, 2026 (in thousands):

Year

  ​ ​ ​

Amount

Remainder of 2026

$

477,842

2027

 

1,105,695

2028

 

1,340,922

2029

 

1,364,816

2030

 

3,949,587

2031

1,865,359

Thereafter

 

5,363,524

Total

$

15,467,745