v3.26.3
Long-Term Debt (Tables)
9 Months Ended
Sep. 30, 2026
Debt Disclosure [Abstract]  
Schedule of exchangeable notes The following is a summary of NCLC’s exchangeable notes as of September 30, 2026 (in thousands):

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

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Unamortized Debt

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Discount,

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Principal

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including Deferred

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Net Carrying

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Fair Value

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  ​ ​ ​

Amount

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Financing Fees

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Amount

  ​ ​ ​

Amount

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Leveling

2027 1.125% Exchangeable Notes

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$

192,037

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$

(10,740)

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$

181,297

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$

190,988

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Level 2

2027 2.5% Exchangeable Notes

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24,138

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(1,397)

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22,741

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24,285

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Level 2

2030 0.875% Exchangeable Notes

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353,876

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(56,747)

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297,129

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387,692

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Level 2

2030 0.750% Exchangeable Notes

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1,407,000

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(324,902)

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1,082,098

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​

1,354,111

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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):

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Three Months Ended

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Nine Months Ended

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September 30, 

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September 30, 

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2026

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2025

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2026

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2025

Coupon interest

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$

4,103

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$

6,806

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$

12,251

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$

27,611

Amortization of discount and deferred financing fees

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​

21,360

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22,649

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62,273

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75,916

Total

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$

25,463

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$

29,455

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$

74,524

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$

103,527

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 September 30, 2026 (in thousands):

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Year

  ​ ​ ​

Amount

Remainder of 2026

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$

238,600

2027

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1,105,695

2028

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1,346,141

2029

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1,370,035

2030

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4,134,290

2031

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​

1,875,062

Thereafter

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5,428,176

Total

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$

15,497,999