Monday, September 16, 2024 Royal Caribbean Cruises Ltd. (NYSE: RCL) (the “Company”) announced a private offering of $1.0 billion in senior unsecured notes due 2031.
The Company plans to use the proceeds to refinance existing indebtedness, including the redemption of its outstanding 7.250% Senior Notes due 2030, and to repay obligations under its Silver Dawn finance lease. The offering, available to qualified institutional buyers and non-U.
S. persons, will help the Company improve its financial position by optimizing its debt portfolio. The proceeds may also be used to repay borrowings under revolving credit facilities.
This offering is part of the Company’s strategy to streamline its financial commitments and enhance flexibility in managing future operations and expansions. However, the Notes will not be registered under U.S.
state securities laws and can only be offered or sold to eligible buyers under Regulation S and Rule 144A. Forward-Looking Statements Disclaimer The Company highlighted that certain statements regarding the offering of the Notes and their intended use may constitute forward-looking statements under the Private Securities Litigation Reform Act of 1995 . These statements, which include plans and expectations for the offering, are subject to uncertainties and risks, such as changes in market conditions, financial performance, and geopolitical factors.
Readers are cautioned to avoid undue reliance on these projections. About Royal Caribbean Group Royal Caribbean Group (NYSE: RCL) is a leader in the vacation industry, operating a global fleet of 68 ships across five leading brands, including Royal Caribbean International , Celebrity Cruises , and Silversea . Serving millions of guests annually, the company offers world-class cruise experiences to nearly 1,000 destinations.
It is also involved in land-based vacation ventures through the Perfect Day at CocoCay and Royal Beach Club collections. The company owns a 50% stake in a joint venture operating TUI Cruises and Hapag-Lloyd Cruises ..
