NCLH refinances senior secured credit facility

Norwegian Cruise Line Holdings (NCLH), together with NCL Corp, has refinanced its senior secured credit facility. NCLH amended its existing senior secured credit facility by repricing its $875 mill revolving credit facility, repricing and increasing its Term A loan facility to about $1.6 bill and [Read more...]

2019-01-13T22:17:46+00:00 January 13th, 2019|Finance|

Tallink joins Nasdaq Helsinki

Estonian ferry company Tallink Grupp started trading on Nasdaq Helsinki Main Market on 3rd December. Tallink’s shares are already listed on the main market of Nasdaq Tallinn since December, 2005. ”Nasdaq Helsinki is the perfect fit for our secondary listing, being one of our most [Read more...]

2018-12-17T09:31:54+00:00 December 17th, 2018|Finance|

‘Color Magic’ re-financed

Color Group has signed a new five-year financing agreement for the cruise/ferry ‘Color Magic’. The new revolving credit facility is valued at NOK1,200 mill, with the same covenant structure as existing vessels mortgaged loans. The re-payment profile is 10 years. The first drawn tranche, which [Read more...]

2018-12-17T08:48:51+00:00 December 17th, 2018|Finance|

Lindblad bullish going forward

Lindblad Expedition Holdings has reported third quarter tour revenues of $87.2 mill, an increase of $2.7 mill, or 3%, compared to the same period in 2017. This increase was driven by growth of $5.6 mill at Natural Habitat, partially offset by a $2.9 mill drop [Read more...]

2018-11-18T15:23:42+00:00 November 18th, 2018|Finance|

RCL sees record earnings

Royal Caribbean Cruises (RCL) reported record earnings for the third quarter of this year and narrowed its full year adjusted EPS guidance. For 3Q18, US GAAP net income was $810.4 mill or $3.86 per share and adjusted net income was $836.3 mill or $3.98 per [Read more...]

2018-10-28T21:46:39+00:00 October 28th, 2018|Finance|

Third Hapag-Lloyd expedition ship financed

KfW IPEX-Bank and Commerzbank are to finance the third Hapag-Lloyd Cruises expedition ship. The Hamburg-based subsidiary of TUI Group had already contracted VARD shipyard in 2016 to build the sister vessels ‘HANSEATIC nature’ and ‘HANSEATIC inspiration’, which are scheduled to be delivered in 2019. Delivery [Read more...]

2018-10-28T21:43:35+00:00 October 28th, 2018|Finance|