ROYAL CARIBBEAN CRUISES LTD (RCL) Form 8-K — Aug 20, 2026
Royal Caribbean Cruises Ltd. completed a $1.25 billion offering of 5.550% Senior Notes due 2034 on August 20, 2026, receiving approximately $1.24 billion in net proceeds after fees through an underwriting group led by BNP Paribas, BofA Securities and Citigroup. The company intends to use the proceeds to repay a portion of its floating rate term loan borrowings, with any remainder going to repay or refinance other existing debt — effectively swapping floating-rate exposure for a fixed 5.550% coupon.
Key figures
- Debt Amount
- 1250000000
- Interest Rate
- 5.550%
- Maturity Date
- January 20, 2034
- Gross Proceeds
- approximately $1.24 billion (net proceeds after fees, commissions and expenses)
- Cusip
- 780153BX9
- Par Call Date
- October 20, 2033 (par call thereafter; make-whole at Treasury Rate + 20 bps before)
- Registration
- Shelf registration statement on Form S-3ASR (No. 333-277554)
- Use Of Proceeds
- Repay portion of floating rate term loan facilities; remainder to repay/refinance other existing indebtedness
- Change Of Control Put
- 101% of principal, contingent on a Change of Control Triggering Event (change of control plus ratings decline)
- Interest Payment Dates
- Semi-annually on January 20 and July 20, beginning January 20, 2027
Price after filing
Close on the filing date to close N calendar days later (from $287.62). Historical, not a forecast.
AI analysis
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