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Shares were trading up around 2% at market open Wednesday.
Norwegian Cruise Line Holdings updated its third quarter guidance to exceed its previous forecast, driven by better than expected revenue performance.
In late June NCLH forecast Q3 adjusted earnings per share of 90 cents and adjusted EBITDA of $874m. The company did not give specific updated figures for the quarter.
Wall Street's current Q3 consensus expectation is 90 cents EPS.
NCLH also reaffirmed its full year 2026 EPS guidance of approximately $1.50. The current consensus estimate is $1.54.
In addition, NCLH announced a private offering of $750m in senior notes due 2031.
The company intends to use the proceeds, together with cash on hand, to redeem all of its outstanding 6.125% senior notes due 2028, to repay approximately $176.3m of borrowings under its senior secured revolving loan facility and to prepay approximately $42.2m of borrowings under its export credit-backed financing facilities.
The redemption of the 2028 notes is conditional upon the consummation of the offering.
The notes are being offered only to qualified institutional investors outside the US.
Adjusted for these transactions, NCLH expects 2027 net interest expense in the range of $860m to $880m.
