The loans are secured by Norwegian Jewel.
The maturity date is May 15, 2022. The loans will bear interest at an annual rate of LIBOR plus a margin of 0.8%. They are to be repaid in semiannual amounts equal to $37.44m, with the balance payable on the maturity date.
The NCLH subsidiary may voluntarily repay the loans drawn under this Norwegian Jewel Credit Agreement, in whole or in part, at any time, subject to breakage fees.
Bank of America, NA is administrative agent and collateral agent.