---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-063656"
form_type: "8-K"
ticker: "RCL"
cik: "0000884887"
company_name: "ROYAL CARIBBEAN CRUISES LTD"
filed_at: "2025-06-27T23:59:59+00:00"
generated_at: "2026-05-18T17:11:49.722355+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Royal Caribbean enters €896.8M debt financing for sixth Edge-class ship (Q4 2028 delivery)

## Summary
- Credit agreement provides up to €896.8M term loan, 100% guaranteed by Bpifrance Assurance Export.
- Loan amortizes semi-annually, matures 12 years after vessel delivery; interest at Term SOFR + 0.85%.
- Sixth Edge-class ship scheduled for delivery in Q4 2028; proceeds fund construction costs.
- Includes accordion option for additional advances (amount not specified) and customary default/prepayment terms.

## SEC filing metadata
- accession: 0001104659-25-063656
- form_type: 8-K
- ticker: RCL
- cik: 0000884887
- company_name: ROYAL CARIBBEAN CRUISES LTD
- filed_at: 2025-06-27T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/884887/000110465925063656/0001104659-25-063656-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/884887/000110465925063656/tm2519254d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-063656
- JSON: https://secwatch.observer/filing/0001104659-25-063656.json
- Plain text: https://secwatch.observer/filing/0001104659-25-063656.txt

## Key facts
- Debt Financings
  ROYAL CARIBBEAN CRUISES LTD incurred term loan with BpiFrance Assurance Export at Term SOFR plus 0.85% per annum maturing twelve years thereafter.
  - Instrument: term loan
  - Counterparty: BpiFrance Assurance Export
  - Rate: Term SOFR plus 0.85% per annum
  - Maturity: twelve years thereafter
  - Event: incurrence
  source text: On June 25, 2025, Royal Caribbean Cruises Ltd. (the “Company”) entered into a credit agreement (the “Credit Agreement”) for the financing of the sixth Edge-class ship which is scheduled for delivery in the fourth quarter of 2028.
  evidence_url: https://www.sec.gov/Archives/edgar/data/884887/000110465925063656/0001104659-25-063656-index.htm

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