---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-021624"
form_type: "8-K"
ticker: "RCL"
cik: "0000884887"
company_name: "ROYAL CARIBBEAN CRUISES LTD"
filed_at: "2026-02-27T23:59:59+00:00"
generated_at: "2026-05-15T23:20:02.902789+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# RCL closes $2.5B notes offering: 4.750% due 2033, 5.250% due 2038

## Summary
- Issued $1.25B of 4.750% Senior Notes due 2033 and $1.25B of 5.250% Senior Notes due 2038.
- Net proceeds approximately $2.471B after underwriting fees, commissions and expenses.
- Proceeds to refinance senior notes maturing in 2026 and repay existing term loans.
- Interest payable semi-annually: 2033 notes on May 15/Nov 15; 2038 notes on Feb 27/Aug 27.
- Offering completed Feb 27, 2026; joint book-runners: J.P. Morgan, Morgan Stanley, PNC.

## SEC filing metadata
- accession: 0001104659-26-021624
- form_type: 8-K
- ticker: RCL
- cik: 0000884887
- company_name: ROYAL CARIBBEAN CRUISES LTD
- filed_at: 2026-02-27T23:59:59+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/884887/000110465926021624/0001104659-26-021624-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/884887/000110465926021624/tm267192d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-021624
- JSON: https://secwatch.observer/filing/0001104659-26-021624.json
- Plain text: https://secwatch.observer/filing/0001104659-26-021624.txt

## Source-grounded claims
- claim_id: 57d16bfe9dcc3488f6b7562b93be19695ee208ed
  claim: ROYAL CARIBBEAN CRUISES LTD incurred senior notes of $1,250,000,000 aggregate principal amount with The Bank of New York Mellon Trust Company, N.A. at 4.750% per annum maturing May 15, 2033.
  evidence_excerpt: On February 27, 2026, Royal Caribbean Cruises Ltd. (the “Company”) completed its previously announced offering of $1,250,000,000 aggregate principal amount of 4.750% Senior Notes due 2033 (the “2033 Notes”) and $1,250,000,000 aggregate principal amount of the Company’s 5.250% Senior Notes due 2038 (the “2038 Notes” and, together with the 2033 Notes, the “Notes”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/884887/000110465926021624/0001104659-26-021624-index.htm
- claim_id: d18d99509967035cfb1d5d88fb72848f4361d146
  claim: ROYAL CARIBBEAN CRUISES LTD incurred senior notes of $1,250,000,000 aggregate principal amount with The Bank of New York Mellon Trust Company, N.A. at 5.250% per annum maturing February 27, 2038.
  evidence_excerpt: On February 27, 2026, Royal Caribbean Cruises Ltd. (the “Company”) completed its previously announced offering of $1,250,000,000 aggregate principal amount of 4.750% Senior Notes due 2033 (the “2033 Notes”) and $1,250,000,000 aggregate principal amount of the Company’s 5.250% Senior Notes due 2038 (the “2038 Notes” and, together with the 2033 Notes, the “Notes”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/884887/000110465926021624/0001104659-26-021624-index.htm
- claim_id: 42c5a81409838206157b7d6fdfe34dae34263134
  claim: ROYAL CARIBBEAN CRUISES LTD entered into Underwriting Agreement for 4.750% Senior Notes due 2033 and 5.250% Senior Notes due 2038 with J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and PNC Capital Markets LLC valued at Aggregate principal amount of $2,500,000,000 ($1,250,000,000 4.750% Senior Notes due 2033 and $1,250 (effective 2026-02-27).
  evidence_excerpt: On February 27, 2026, Royal Caribbean Cruises Ltd. (the “Company”) completed its previously announced offering of $1,250,000,000 aggregate principal amount of 4.750% Senior Notes due 2033 (the “2033 Notes”) and $1,250,000,000 aggregate principal amount of the Company’s 5.250% Senior Notes due 2038 (the “2038 Notes” and, together with the 2033 Notes, the “Notes”), pursuant to an underwriting agreement, dated as of February 12, 2026 (the “Underwriting Agreement”), among the Company and J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and PNC Capital Markets LLC, as representatives of the several underwriters named therein.
  evidence_url: https://www.sec.gov/Archives/edgar/data/884887/000110465926021624/0001104659-26-021624-index.htm
- claim_id: e45e3c366ee35e495cf4ecfaecc8a0d447c9db40
  claim: ROYAL CARIBBEAN CRUISES LTD entered into Fifth Supplemental Indenture dated February 27, 2026 with The Bank of New York Mellon Trust Company, N.A. valued at Supplement to Base Indenture dated July 31, 2006 governing the 4.750% Senior Notes due 2033 and the (effective 2026-02-27).
  evidence_excerpt: The Notes were issued by the Company pursuant to an indenture, dated as of July 31, 2006 (the “Base Indenture”), between the Company and The Bank of New York Mellon Trust Company, N.A. as trustee (the “Trustee”), as supplemented by a Fifth Supplemental Indenture, dated February 27, 2026, between the Company and the Trustee (the “Fifth Supplemental Indenture” and, together with the Base Indenture, the “Indenture”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/884887/000110465926021624/0001104659-26-021624-index.htm

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