Royal Caribbean Group
Royal Caribbean Completes Private Exchange of Convertible Senior Notes
Summary
On August 20, 2024, Royal Caribbean Cruises Ltd. completed the exchange of approximately $827 million in aggregate principal amount of its 6.000% Convertible Senior Notes due 2025 for an aggregate of approximately 11.4 million shares of its common stock and $827 million in cash. The transaction was funded using borrowings from the company's revolving credit facilities and resulted in the cancellation of the exchanged notes. The company issued a press release announcing the completion of the Exchange Transactions.
Profitelligence Alerts
Get alerts for RCL
Be first to know when Royal Caribbean Group files with the SEC.
Filing Categories
Exhibits (1)
Advertisement
About Royal Caribbean Group
Royal Caribbean Group is a prominent player in the global cruise industry, operating a diverse range of brands including Royal Caribbean International, Celebrity Cruises, and Silversea Cruises. The company is renowned for providing innovative and luxurious cruise experiences, often integrating cutting-edge technology and exceptional amenities to elevate passenger comfort and entertainment. Royal Caribbean Group offers itineraries to destinations worldwide, serving various demographics from adventure seekers to luxury travelers. With a strong emphasis on expanding its fleet with environmentally friendly and technologically advanced ships, the company plays a vital role in setting industry standards for sustainability and customer satisfaction. Headquartered in Miami, Florida, Royal Caribbean Group significantly contributes to tourism sectors across numerous regions, impacting local economies through its robust network of ports and services. Its strategic focus on personalized experiences and destination-rich voyages underscores its influence in reshaping the contemporary cruising landscape.
Official SEC Documents
Advertisement