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Royal Caribbean Prices $1.5 Billion Senior Notes Due 2036

BY MT Newswires | CORPORATE | 09/23/25 04:29 AM EDT

04:29 AM EDT, 09/23/2025 (MT Newswires) -- Royal Caribbean Group (RCL) said Monday it priced a $1.5 billion offering of 5.375% senior unsecured notes maturing Jan. 15, 2036.

The notes are set to be issued Oct. 1, subject to customary closing conditions, and the net proceeds will fund the delivery of Celebrity Xcel in place of drawing on an export credit facility, the company said.

Any remaining funds will be used to redeem or refinance existing borrowings, including revolver loans, Royal Caribbean said.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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