Royal Caribbean Group
Royal Caribbean Completes Private Exchange of Convertible Senior Notes
Summary
On March 19, 2025, Royal Caribbean Cruises Ltd. completed privately negotiated exchange transactions with certain holders of its 6.000% Convertible Senior Notes due 2025. In these transactions, holders exchanged approximately $213 million in aggregate principal amount of the notes for about 3.3 million shares of the company's common stock and $214 million in cash. The exchanged notes were immediately cancelled, and the issued shares were part of a private placement under Section 4(a)(2) of the Securities Act. The company funded the cash portion using on-hand liquidity.
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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
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