Royal Caribbean prices $1.25B in senior unsecured notes due 2034

Royal Caribbean Cruises Ltd. (NYSE: RCL) has priced a registered public offering of $1.25 billion in 5.550% senior unsecured notes maturing January 20, 2034, according to a company statement.

The notes are expected to be issued on or around August 20, 2026, subject to customary closing conditions.

The company said it 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 debt.

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

The offering is being made pursuant to an automatic shelf registration statement filed with the Securities and Exchange Commission on February 29, 2024.

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