NCL Corporation (NCLC), a subsidiary of Norwegian Cruise Line Holdings, entered into a third amended and restated credit agreement with Voyager Vessel Company, an indirect subsidiary of NCLC, as co-borrower, JPMorgan Chase Bank (JPM), as administrative agent and as collateral agent, and a syndicate of other banks as joint bookrunners, arrangers, co-documentation agents and lenders, which amends and restates that certain second amended and restated credit agreement, dated as of June 6, 2016.

The amended senior secured credit facility amends the existing senior facility to, among other things, (a) reprice and increase the existing $750 million revolving credit facility with a new $875 million revolving credit facility, (b) reprice the approximately $1,412 million principal amount outstanding under the existing senior secured term A facility and (c) add a new $375 million term B loan facility due 2021.

The applicable margin under the new term A loan facility and new revolving facility is determined by reference to a total leverage ratio, with an applicable margin of between 2.00% and 1.25% with respect to Eurocurrency loans and between 1.00% and 0.25% with respect to base rate loans.

The initial applicable margin for borrowings under the new term A loan facility and new revolving facility is 1.75% with respect to Eurocurrency borrowings and 0.75% with respect to base rate borrowings. The applicable margin under the new term B loan facility is 1.75% with respect to Eurocurrency loans and 0.75% with respect to base rate loans.