Royal Caribbean signs credit agreement for Celebrity Xcel; SOFR+1.45%, 12yr maturity

ROYAL CARIBBEAN CRUISES LTD

Credit agreement for Celebrity Xcel (fifth Edge-class) signed December 22, 2023; delivery expected Q4 2025.
Term loan is 100% guaranteed by French export credit agency BpiFrance Assurance Export.
Interest accrues at Term SOFR plus 1.45%; loan amortizes semi-annually, matures 12 years after delivery.
Contains customary events of default, prepayment events, and financial covenants.

item 1.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

ROYAL CARIBBEAN CRUISES LTD entered into a credit facility (effective 2023-12-22).

Action: entry
Agreement: credit facility
Effective: 2023-12-22

Exact text from the filing

On December 22, 2023, we entered into a credit agreement for the financing of Celebrity Xcel, the fifth Edge-class ship for Celebrity Cruises

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Source: SEC EDGAR

accession 0001104659-23-128836

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