Royal Caribbean said it completed the offering of $1.5 billion aggregate principal amount of 5.375% Senior Notes due 2036 on October 1, 2025. The offering was made under an underwriting agreement dated September 22, 2025.

1. 01

   Royal Caribbean said it completed the offering of $1.5 billion aggregate principal amount of 5.375% Senior Notes due 2036 on October 1, 2025. The offering was made under an underwriting agreement dated September 22, 2025.

2. 02

   The company said net proceeds of approximately $1.484 billion, after deducting fees, commissions and expenses, will be used to finance the upcoming delivery of Celebrity Xcel in lieu of using its existing committed export credit agency facility. It said the remaining net proceeds will be used to redeem, refinance or otherwise repurchase existing indebtedness, including amounts outstanding under its revolving credit facilities.

3. 03

   Royal Caribbean said interest on the Notes accrues from October 1, 2025 at a rate of 5.375% per annum and is payable semi-annually in arrears on January 15 and July 15 of each year, beginning January 15, 2026. It said the Notes mature on January 15, 2036.

4. 04

   The company said the Notes were issued under a base indenture dated July 31, 2006 and a Fourth Supplemental Indenture dated October 1, 2025, with The Bank of New York Mellon Trust Company, N.A. as trustee. The joint book-running representatives of the underwriters are BofA Securities, Goldman Sachs and Morgan Stanley.

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Original filing

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