The New York and Oslo-listed cruiseship owner is borrowing aUS Dollar amount equivalent to EUR 637m ($865.2m).

KfW IPEX-Bank is acting as lead arranger while German exportcredit agency, Euler Hermes Deutschland will guarantee 95% of the financing.

The unsecured term loan kicks in from delivery of the 4,100-berthnewbuilding in 2016 and will be fully repaid 12 years later.

Interest will accrue either at a fixed rate of 3.32%