Business
Royal Caribbean Group announces upsizing and extension of revolving credit facilities
Royal Caribbean Group (NYSE: RCL) (the "Company") today announced that it has amended and upsized its two unsecured revolving credit facilities. The amendments increased commitments by $2.28 billion, equally distributed between each facility, bringing the combined revolving credit facilities commitments to $6.35 billion. The amendments also extended the maturity of the three-year facility maturing in October 2026 to October 2030. The other credit facility matures in October 2028.
About this update from Royal Caribbean Cruises Ltd.
[{"type":"text","content":"MIAMI, May 14, 2025 /PRNewswire/ -- Royal Caribbean Group (NYSE: RCL) (the "Company") today announced that it has amended and upsized its two unsecured revolving credit facilities. The amendments increased commitments by $2.28 billion, equally distributed between each facility, bringing the combined revolving credit facilities commitments to $6.35 billion. The amendments also extended the maturity of the three-year facility maturing in October 2026 to October 2030. The other credit facility matures in October 2028.","length":530,"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 upsizing of the revolving credit facilities highlights the strength of our credit profile and the robust support from our lending partners," said Naftali Holtz, chief financial officer. "This enhanced financial flexibility, coupled with strong cash flow generation, positions us well to execute on our strategic growth initiatives and deliver long term shareholder value."","length":397,"tagName":"p"},{"type":"text","content":"About Royal Caribbean Group:Royal Caribbean Group (NYSE: RCL) is a vacation industry leader with a global fleet of 67 ships across its five brands traveling to all seven continents. With a mission to deliver the best vacations responsibly, Royal Caribbean Group serves millions of guests each year through its portfolio of best-in-class brands, including Royal Caribbean, Celebrity Cruises, and Silversea; and an expanding portfolio of land-based vacation experiences through Perfect Day at CocoCay and Royal Beach Club collection. The company also owns a 50% joint venture interest in TUI Cruises, which operates the German Brands Mein Schiff and Hapag-Lloyd Cruises. With a rich history of...