Norwegian Cruise Line Holdings Aims to Reduce Leverage Levels by 2026

2024-02-28

The company's recent meeting shed light on its plans for leverage improvement in the coming years. The overall outlook presented during the meeting was optimistic, with a clear focus on reducing leverage levels and restoring the balance sheet to pre-COVID levels. Although the target leverage range of 3% to 4% by 2024 may not be achieved, the company anticipates significant progress in leverage reduction this year. The plan is to continue this positive trend in 2025 and 2026, with the goal of decreasing current leverage levels by at least 1.5 turns, aiming to bring the number down to the five-something range.