Royal Caribbean prices $1.25B senior notes to refinance debt, maturing in 2034

Royal Caribbean Cruises Ltd. has priced a $1.25 billion offering of 5.550% senior unsecured notes due in 2034. The company plans to use the proceeds to repay floating rate term loans and refinance other existing debt, aiming to improve its debt structure. The notes are expected to be issued around August 20, 2026, with BNP Paribas, BofA Securities, and Citigroup acting as lead managers. This move reflects Royal Caribbean's ongoing efforts to manage its capital and debt amid various operational risks and market conditions.