Norwegian Cruise Line Holdings has gained a little more financial runway thanks to relief from a European government lender.
Euler Hermes Aktiengesellscaft, Germany's official export credit agency, has given a 12-month debt holiday to borrowers, in light of the coronavirus pandemic.
This covenant relief has allowed Norwegian to amend Hermes-backed export credit facilities that finance six vessels in such a way that it gives the cruise major an extra $386m in cash through April 2021, according to a regulatory filing.
