ROYAL CARIBBEAN CRUISES LTD (RCL): debt financing — Royal Caribbean completes $1.25B notes offering at 6.250% to refinance 11.625% notes due 2027

ROYAL CARIBBEAN CRUISES LTD

Issued $1.25B of 6.250% Senior Notes due 2032; net proceeds ~$1.236B.
Proceeds to redeem all $1.25B of 11.625% Senior Notes due 2027 on March 8, 2024.
Interest rate reduced from 11.625% to 6.250%, significantly lowering annual interest expense.
Notes mature March 15, 2032; interest payable semi-annually starting Sept 15, 2024.
Offering exempt from registration; sold to QIBs and non-U.S. investors under Rule 144A/Reg S.

item 1.01 item 2.03 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

ROYAL CARIBBEAN CRUISES LTD incurred senior notes of $1.25 billion at 6.250% maturing March 15, 2032.

Instrument: senior notes
Principal: $1.25 billion
Rate: 6.250%
Maturity: March 15, 2032
Event: incurrence

Exact text from the filing

On March 7, 2024, Royal Caribbean Cruises Ltd. (the “Company”) completed its previously announced offering of $1.25 billion aggregate principal amount of 6.250% Senior Notes due 2032

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

ROYAL CARIBBEAN CRUISES LTD entered into Indenture with The Bank of New York Mellon Trust Company, N.A. valued at $1.25 billion (effective 2024-03-07).

Action: entry
Agreement: notes offering
Counterparty: The Bank of New York Mellon Trust Company, N.A.
Value: $1.25 billion
Effective: 2024-03-07

Exact text from the filing

On March 7, 2024, Royal Caribbean Cruises Ltd. (the “Company”) completed its previously announced offering of $1.25 billion aggregate principal amount of 6.250% Senior Notes due 2032 (the “Notes”).

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299 debt financings filed in the last 30 days. Browse all debt financings →

ROYAL CARIBBEAN CRUISES LTD filing history →

Source: SEC EDGAR

accession 0001104659-24-031928

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