NCLH has not drawn and does not currently intend to draw under this commitment.
'Prudent path to take'
'While we do not currently intend to draw on this facility, we believe extending was the prudent path to take to help us navigate the current volatile macroeconomic and capital markets environment,' said EVP/CFO Mark Kempa. 'The facility provides the company a liquidity backstop if needed, allowing us to focus our efforts on our continued operational and financial recovery.'
According to John Zito, deputy CIO of credit at Apollo, 'The facility assures capital access and highlights the strength of the Apollo Credit franchise and our continued ability to provide capital solutions in a challenging capital markets backdrop. Norwegian’s established brands and the sector’s accelerating consumer demand give us confidence in being a large capital source for the company.'
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