secwatch.observer — SEC 8-K summary
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Issuer:     ROYAL CARIBBEAN CRUISES LTD (RCL)
CIK:        0000884887
Form:       8-K
Filed at:   2025-03-19T23:59:59+00:00
Accession:  0001104659-25-025625
Event type: debt
Sentiment:  positive
Materiality: 0.70
Item codes: 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Royal Caribbean completes exchange of $213M convertible notes for 3.3M shares and $214M cash
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- Holders exchanged ~$213M of 6.000% Convertible Senior Notes due 2025 for 3.3M shares and ~$214M cash (par + accrued interest).
- Cash portion funded from liquidity on-hand; exchanged notes were cancelled immediately.
- Remaining ~$110M in aggregate principal amount of the 2025 Notes still outstanding.
- Fully diluted shares outstanding reduced by approximately 1.0 million shares as a result of the exchange.
- Advisors: Perella Weinberg, J. Wood Capital, and Goldman Sachs.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/884887/000110465925025625/0001104659-25-025625-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/884887/000110465925025625/tm259549d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-025625

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