Business
Royal Caribbean Group announces completion of $1.5 billion offering of senior unsecured notes
Royal Caribbean Cruises Ltd. (NYSE: RCL) (the "Company") today announced that it has completed its registered public offering of $1.5 billion aggregate principal amount of 5.375% senior unsecured notes due 2036 (the "Notes"). The Notes will mature on January 15, 2036, unless earlier redeemed or repurchased.
About this update from Royal Caribbean Cruises Ltd.
[{"type":"text","content":"MIAMI, Oct. 1, 2025 /PRNewswire/ -- Royal Caribbean Cruises Ltd. (NYSE: RCL) (the "Company") today announced that it has completed its registered public offering of $1.5 billion aggregate principal amount of 5.375% senior unsecured notes due 2036 (the "Notes"). The Notes will mature on January 15, 2036, unless earlier redeemed or repurchased.","length":364,"tagName":"p"},{"type":"image","alt":"(PRNewsfoto/Royal Caribbean Group)","displaySize":"","headline":null,"caption":"(PRNewsfoto/Royal Caribbean Group)","className":"","disableSlideshowImg":false,"size":{"original":{"width":320,"height":61,"url":"https://media.zenfs.com/en/prnewswire.com/7a61d251468801f368cf75090c4adad6"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/FKSQYoAqbbmx513YCe60Bg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTY0MDtoPTEyMjtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/7a61d251468801f368cf75090c4adad6","width":320,"height":61}},"href":"https://mma.prnewswire.com/media/1213007/RCG_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"The Company intends to use the net proceeds from the sale of the Notes to finance the upcoming delivery of Celebrity Xcel in lieu of utilizing its existing committed export credit agency facility and, with the remaining net proceeds, to redeem, refinance or otherwise repurchase existing indebtedness, including amounts outstanding under its revolving credit facilities.","length":385,"tagName":"p"},{"type":"text","content":"BofA Securities, Inc., Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC acted as lead book-running managers for the offering.","length":137,"tagName":"p"},{"type":"text","content":"The Notes were offered and sold pursuant to an automatic shelf registration statement (including a prospectus) that was filed by the Company with the Securities and Exchange Commission on February 29, 2024, and became effective upon filing.","length":255,"tagName":"p"},{"type":"text","content":""As our relaunch into the investment grade market, this transaction serves as a testament to the strength of both the Company and its balance sheet." said Naftali Holtz, Chief Financial Officer of Royal Caribbean Group. "This offering demonstrates our financial flexibility by allowing us to more optimally finance the upcoming delivery of Celebrity ...