Royal Caribbean Cruises Ltd. (NYSE: RCL) has completed a registered public offering of $1.25 billion in aggregate principal amount of 5.550% senior unsecured notes due 2034, according to a company statement.

The notes will mature on January 20, 2034, unless earlier redeemed or repurchased. The company intends to use the net proceeds to repay a portion of outstanding borrowings under its floating rate term loan facilities, with any remaining proceeds used to repay or refinance other existing indebtedness.

BNP Paribas Securities Corp., BofA Securities, Inc., and Citigroup Global Markets Inc. served as lead book-running managers for the offering.

The notes were offered and sold pursuant to an automatic shelf registration statement filed with the Securities and Exchange Commission on February 29, 2024, which became effective upon filing.