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Form 8-K · Current Report · Filed 2024-09-16

Royal Caribbean Cruises Ltd. Announces Private Offering of $1.0 Billion Senior Unsecured Notes

On September 16, 2024, Royal Caribbean Cruises Ltd.

Filer
Royal Caribbean Group RCL · NYSE
Filed
Accession
0001104659-24-099993
CIK
0000884887
Signal
Medium impactConsumer Cyclical

Details

announced a private offering of $1.0 billion aggregate principal amount of senior unsecured notes due 2031. The Company intends to use the proceeds to redeem its outstanding 7.250% Senior Notes due 2030 and repay obligations under its Silver Dawn finance lease. The offering is made to qualified institutional buyers under Rule 144A and to non-U.S. persons under Regulation S. The Notes will not be registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption.

Items reported

Item 8.01

Other Events

Convertible Notes Offering
Item 9.01

Financial Statements and Exhibits

Exhibits Furnished

Market reaction

Close before filing

$167.96

Next session

+0.3%

Since filing

+89.5%

Latest close

$318.30

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from RCL reporting the same item, with the next session's move:

Exhibits (1)

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.

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