Royal Caribbean Group announced that it has priced its private offering of $1.0 billion aggregate principal amount of 5.500% senior unsecured notes due 2026 (the “Notes”). The Notes will mature on August 31, 2026. The Notes are expected to be issued on or around August 19, 2021, subject to customary closing conditions.
The Company intends to use the proceeds from the sale of the Notes for general corporate purposes, including the replenishment of capital as a result of the up to 40% redemption of its 11.500% Senior Secured Notes Due 2025 and the refinancing of future debt maturities.
Nothing contained herein shall constitute an offer to sell or the solicitation of an offer to buy any security. The Notes are being offered only to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and outside the United States, only to certain non-U.S. investors pursuant to Regulation S. The Notes will not be registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state laws.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy the Notes or any other securities and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful. This press release is being issued pursuant to and in accordance with Rule 135c under the Securities Act.
About Royal Caribbean Group
Royal Caribbean Group is the operating business name for Royal Caribbean Cruises Ltd. Royal Caribbean Group is the owner and operator of three global cruise vacation brands: Royal Caribbean International, Celebrity Cruises and Silversea Cruises. Royal Caribbean Group is also a 50% owner of a joint venture that operates TUI Cruises and Hapag-Lloyd Cruises. Together, our brands operate 60 ships with an additional 13 on order as of June 30, 2021. Learn more at www.royalcaribbeangroup.com or www.rclinvestor.com.