Form 8-K · Current Report · Filed 2024-09-26
Royal Caribbean Completes $1.5B Private Note Offering to Refinance Debt
Royal Caribbean Cruises Ltd. completed a private offering of $1.5 billion aggregate principal amount of 5.625% Senior Notes due 2031 on September 26, 2024. The Company intends to use the net proceeds of approximately $1.49 billion to redeem all of the outstanding $700 million aggregate principal amount of its 7.250% Senior Notes due 2030 and to repay in full the $232 million aggregate principal amount of its Silver Dawn finance lease. The Notes were issued under an indenture dated September 26, 2024, between the Company and The Bank of New York Mellon Trust Company, N.A., as trustee.
- Filer
- Royal Caribbean Group RCL · NYSE
- Filed
- Accession
- 0001104659-24-103188
- CIK
- 0000884887
- Signal
- Medium impactConsumer Cyclical
- Source
- Official filing on sec.gov ↗
Items reported
Entry into a Material Definitive Agreement
Creation of a Direct Financial Obligation
Other Events
Financial Statements and Exhibits
Market reaction
Close before filing
$177.41
Next session
+0.1%
Since filing
+79.4%
Latest close
$318.30
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Precedent
Previous filings from RCL reporting the same item, with the next session's move:
Exhibits (2)
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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