Secured by Norwegian Epic
This is in the form of revolving loans secured by Norwegian Epic. Funds drawn would bear interest at an annual rate of LIBOR plus a margin of 0.8%. According to a filing, this Norwegian Epic Credit Agreement will be used for general corporate purposes and the maturity date is March 4, 2021.
JPMorgan Chase Bank is administrative agent and collateral agent.
No borrowings drawn to date
As of March 9, no borrowings were drawn under this agreement nor the company's other $875m senior secured revolving credit facility, resulting in availability under these revolving credit agreements of $1.55bn.
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