Norwegian Cruise Line Secures Financing for Fleet Expansion

Norwegian Cruise Line Secures Financing for Fleet Expansion

An update from Norwegian Cruise Line (NCLH) is now available.

NCL Corporation Ltd., a subsidiary of Norwegian Cruise Line Holdings, has secured financing for the purchase of four new cruise ships through credit agreements with Crédit Agricole Corporate and Investment Bank and other financial entities. The loans, backed by the Italian export credit agency SACE, will fund a significant portion of the vessels’ costs and related insurance premiums, with flexible repayment terms over twelve years. This strategic move, alongside the announcement of new classes of ships and infrastructure development, underscores NCL’s commitment to expanding its fleet and enhancing its offerings to customers.

For an in-depth examination of NCLH stock, go to TipRanks’ Stock Analysis page.

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