For most of the past year or so, cruise line stocks have been in the dumps due to the mayhem unleashed by the coronavirus pandemic. However, it seems that some of those stocks are now making a comeback of sorts, and a stock to watch morning could be that of Norwegian Cruise Line Holdings (NYSE: NCLH).
The stock has gained significant momentum in recent days and an announcement from the company this morning could help matter further. This morning it emerged that Norwegian Cruise Line Holdings successfully amended some of the export credit backed loan agreements that it had signed upon. The amendments have been made so that the company can defer some of the amortization-related payments that it was supposed to make.
The payments in question add up to as huge as $680 million in total up until March 2022. The loan facilities in question are with some of the biggest names in banking like HSBC Bank, Nordea Bank, and Banco Santander among others.