Long-Term Debt (Tables)

3 Months Ended

Mar. 31, 2024

Debt Disclosure [Abstract]

Schedule of exchangeable notes

The following is a summary of NCLC’s exchangeable notes as of March 31, 2024 (in thousands):

			Unamortized Debt
			Discount,
	Principal		including Deferred		Net Carrying		Fair Value
	Amount		Financing Fees		Amount		Amount		Leveling
2024 Exchangeable Notes (1)	$	146,601	$	(2,958)	$	143,643	$	224,238	Level 2
2025 Exchangeable Notes		449,990		(56,546)		393,444		581,270	Level 2
2027 1.125% Exchangeable Notes		1,150,000		(155,755)		994,245		1,098,273	Level 2
2027 2.5% Exchangeable Notes		473,175		(65,425)		407,750		464,540	Level 2

The following is a summary of NCLC’s exchangeable notes as of December 31, 2023 (in thousands):

			Unamortized Debt
			Discount,
	Principal		including Deferred		Net Carrying		Fair Value
	Amount		Financing Fees		Amount		Amount		Leveling
2024 Exchangeable Notes	$	146,601	$	(8,672)	$	137,929	$	217,790	Level 2
2025 Exchangeable Notes		449,990		(65,811)		384,179		572,567	Level 2
2027 1.125% Exchangeable Notes		1,150,000		(167,939)		982,061		1,068,431	Level 2
2027 2.5% Exchangeable Notes		473,175		(70,405)		402,770		453,784	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
	March 31,
	2024		2023
Coupon interest	$	14,437	$	14,438
Amortization of discount and deferred financing fees		32,144		28,114
Total	$	46,581	$	42,552

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, which can be settled in shares, and finance lease obligations as of March 31, 2024 (in thousands):

Year	Amount
Remainder of 2024	$	1,569,504
2025		1,321,130
2026		2,234,657
2027		3,291,131
2028		1,697,619
2029		1,911,513
Thereafter		2,064,110
Total	$	14,089,664