Royal Caribbean Cruises Ltd. Announces Completion of $2.0 Billion Offering of Senior Unsecured Notes to Refinance Certain Series of Its Senior Notes Due 2029
Summary
Royal Caribbean Cruises Ltd. announced that it has completed its private offering of $2.0 billion aggregate principal amount of 6.000% Senior Notes due 2029. The Notes will mature on February 1, 2033, unless earlier redeemed or repurchased. The Company intends to use the proceeds from the sale of the Notes, together with borrowings under the Companys revolving credit facilities, to redeem all of its outstanding 9.250% Senior Notes due 2029 and all of its outstanding 8.250% Senior Secured Notes due 2029, which comprise its remaining secured indebtedness (including, in each case, to pay fees and expenses in connection with such redemption), in each case, on August 13, 2024.The Notes were offered only to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and outside the United States only to certain non-U.S. persons in reliance on Regulation S. The Notes have not been 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 from the registration requirements of the Securities Act and applicable state laws.