Royal Caribbean Cruises (RCL) announced on Thursday that it has priced a registered public offering of $1.25 billion aggregate principal amount of 4.750% senior unsecured notes due 2033 and $1.25 billion aggregate principal amount of 5.250% senior unsecured notes due 2038.
The 2033 Notes will mature on May 15, 2033, and the 2038 Notes will mature on February 27, 2038. The notes are expected to be issued on or around February 27, 2026.
The company intends to use the net proceeds from the sale of the notes to refinance its senior notes maturing in 2026 and any remaining net proceeds to repay existing indebtedness, which may include term loans.
J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, and PNC Capital Markets LLC are acting as lead book-running managers for the offering.
