---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-031928"
form_type: "8-K"
ticker: "RCL"
cik: "0000884887"
company_name: "ROYAL CARIBBEAN CRUISES LTD"
filed_at: "2024-03-07T23:59:59+00:00"
generated_at: "2026-06-05T02:14:24.291602+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Royal Caribbean completes $1.25B notes offering at 6.250% to refinance 11.625% notes due 2027

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-24-031928
- form_type: 8-K
- ticker: RCL
- cik: 0000884887
- company_name: ROYAL CARIBBEAN CRUISES LTD
- filed_at: 2024-03-07T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/884887/000110465924031928/0001104659-24-031928-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/884887/000110465924031928/tm247076d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-031928
- JSON: https://secwatch.observer/filing/0001104659-24-031928.json
- Plain text: https://secwatch.observer/filing/0001104659-24-031928.txt

## Key facts
- Debt Financings
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/884887/000110465924031928/0001104659-24-031928-index.htm
- Material Agreements
  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
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/884887/000110465924031928/0001104659-24-031928-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.