Royal Caribbean Group has completed a $1.25 billion senior unsecured bond offering at a fixed coupon of 5.55%, maturing on January 20, 2034. The proceeds will be used primarily to repay a portion of the company’s outstanding floating-rate term loan facilities, with any remaining funds allocated to the repayment or refinancing of other existing debt obligations.
The offering was led by BNP Paribas Securities Corp., BofA Securities and Citigroup Global Markets Inc. as joint book-running managers. The transaction was conducted under an automatic shelf registration statement filed with the U.S. Securities and Exchange Commission on February 29, 2024, which became effective immediately upon filing.
Royal Caribbean Cruises Ltd., listed on the NYSE under the ticker RCL, is headquartered in Miami. The company operates a fleet of 71 ships serving more than 1,000 destinations globally through its brands Royal Caribbean, Celebrity Cruises and Silversea, as well as a 50% joint venture stake in TUI Cruises.
