Royal Caribbean prices senior notes due 2034 to refinance floating-rate debt; size and rate TBD

Filed August 6, 2026 · ~2 min read

Key Changes

• high

  Royal Caribbean is offering senior notes maturing in 2034 to repay floating-rate term loans and other existing debt. This is a refinancing transaction, not new capital for growth. The offering size and interest rate are not yet disclosed in this preliminary prospectus.

  The Offering verify on EDGAR →
• medium

  The notes are unsecured obligations of the parent company only and are not guaranteed by subsidiaries. They rank behind all debt and liabilities of RCL's operating subsidiaries, though subsidiary liabilities were not material as of June 30, 2026 on a pro forma basis.

  The Offering verify on EDGAR →
• high

  As of June 30, 2026, Royal Caribbean had approximately $14.3 billion in committed export-credit-agency-backed debt to finance ships on order (excluding Celebrity River Cruises vessels). This substantial off-balance-sheet commitment will convert to on-balance-sheet debt as ships are delivered.

  Risk Factors verify on EDGAR →