Loan & DebtAug 7, 2026, 08:04 AM
Royal Caribbean to Issue $1.25B 5.550% Senior Notes Due 2034
AI Summary
Royal Caribbean Cruises Ltd. has entered into an underwriting agreement for the issuance and sale of $1.25 billion aggregate principal amount of 5.550% Senior Notes due 2034. The offering, underwritten by BNP Paribas Securities Corp., BofA Securities, Inc., and Citigroup Global Markets Inc., is expected to close on August 20, 2026. The company intends to use the net proceeds to repay a portion of its outstanding floating rate term loan facilities and other existing indebtedness.
Key Highlights
- Royal Caribbean entered an underwriting agreement for $1,250,000,000 aggregate principal amount of Senior Notes.
- The notes carry an interest rate of 5.550% and are due in 2034.
- BNP Paribas Securities Corp., BofA Securities, Inc., and Citigroup Global Markets Inc. are the representatives of the underwriters.
- The offering is expected to close on August 20, 2026.
- Net proceeds will be used to repay outstanding borrowings under floating rate term loan facilities.
- Any remaining net proceeds will be used to repay or refinance other existing indebtedness.
Price Impact
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