---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-086075"
form_type: "8-K"
ticker: "RCL"
cik: "0000884887"
company_name: "ROYAL CARIBBEAN CRUISES LTD"
filed_at: "2024-08-06T23:59:59+00:00"
generated_at: "2026-05-31T12:50:00.146945+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Royal Caribbean agrees to exchange $731M of 2025 convertible notes for cash and stock

## Summary
- Entered exchange agreements to convert ~$731M of 6.000% convertible notes due 2025 into cash and common stock.
- Cash portion equals par value of notes, funded via revolver; share count based on 5-day VWAP starting Aug 6.
- Exchange expected to close Aug 16, 2024; reduces fully diluted weighted average shares outstanding.
- After exchange, ~$419M principal of 2025 Notes remains outstanding (36.4% of original).
- Transaction is a private placement under Section 4(a)(2) to accredited investors / QIBs.

## SEC filing metadata
- accession: 0001104659-24-086075
- form_type: 8-K
- ticker: RCL
- cik: 0000884887
- company_name: ROYAL CARIBBEAN CRUISES LTD
- filed_at: 2024-08-06T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/884887/000110465924086075/0001104659-24-086075-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/884887/000110465924086075/tm2420953d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-086075
- JSON: https://secwatch.observer/filing/0001104659-24-086075.json
- Plain text: https://secwatch.observer/filing/0001104659-24-086075.txt

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