Tuesday, August 13, 2024 Royal Caribbean Cruises announced that it plans to utilize the proceeds from the $2.0 billion offering of 6.000% Senior Notes, along with borrowings from its revolving credit facilities, to redeem all outstanding 9.
250% Senior Notes due 2029 and 8.250% Senior Secured Notes due 2029. These notes represent the company’s remaining secured indebtedness.
The redemption, including associated fees and expenses, is scheduled for August 13, 2024. The Notes were offered exclusively to individuals believed to be qualified institutional buyers under Rule 144A of the Securities Act of 1933, as amended, and to certain non-U.S.
persons outside the United States in accordance with Regulation S. These Notes have not been registered under the Securities Act or any state securities laws and therefore cannot be offered or sold in the United States without proper registration or a valid exemption from registration under the Securities Act and applicable state laws. This announcement does not constitute an offer to sell or a solicitation to purchase the Notes or any other securities, nor does it represent an offer, solicitation, or sale in any jurisdiction where such actions would be unlawful.
Additionally, this announcement should not be interpreted as a notice of redemption for the Company’s 9.250% Senior Notes due 2029 or 8.250% Senior Secured Notes due 2029.
Furthermore, Royal Caribbean’s strategic move to redeem its remaining secured indebtedness reflects its on.