Royal Caribbean Group announces proposed offering of senior guaranteed notes to refinance debt
Royal Caribbean Cruises Ltd. (NYSE: RCL) announced a private offering of $700 million in senior guaranteed notes due 2030. The company plans to use the proceeds for repaying principal payments on debt maturing in 2023 and/or 2024. The notes will be guaranteed by RCI Holdings LLC, which holds interests in the company's vessel-owning subsidiaries. This offering targets qualified institutional buyers and non-U.S. investors under specific regulations, with no registration under the Securities Act. Forward-looking statements highlight risks tied to economic conditions and operational performance.
- Initiating a private offering of $700 million in senior guaranteed notes.
- Proceeds intended for repaying maturing debt, potentially improving liquidity.
- Dependence on refinancing debt raises concerns about liquidity management.
- Forward-looking statements indicate potential operational and financial risks.
The Notes will be guaranteed on a senior unsecured basis by
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
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.
Special Note Regarding Forward-Looking Statements
Certain statements in this press release relating to, among other things, the offering and sale of the Notes constitute forward-looking statements under the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited, to: statements regarding terms of the offering of the Notes and the intended use of proceeds. Words such as "anticipate," "believe," "could," "driving," "estimate," "expect," "goal," "intend," "may," "plan," "project," "seek," "should," "will," "would," "considering," and similar expressions are intended to help identify forward-looking statements. Forward-looking statements reflect management's current expectations, are based on judgments, are inherently uncertain and are subject to risks, uncertainties and other factors, which could cause our actual results, performance or achievements to differ materially from the future results, performance or achievements expressed or implied in those forward-looking statements. Examples of these risks, uncertainties and other factors include, but are not limited to, the following: the impact of contagious illnesses on economic conditions and the travel industry in general and the financial position and operating results of our Company in particular, such as governmental and self-imposed travel restrictions and guest cancellations; our ability to obtain sufficient financing, capital or revenues to satisfy liquidity needs, capital expenditures, debt repayments and other financing needs; the effectiveness of the actions we have taken to improve and address our liquidity needs; the impact of the economic and geopolitical environment on key aspects of our business, such as the demand for cruises, passenger spending, and operating costs; incidents or adverse publicity concerning our ships, port facilities, land destinations and/or passengers or the cruise vacation industry in general; concerns over safety, health and security of guests and crew; further impairments of our goodwill, long-lived assets, equity investments and notes receivable; an inability to source our crew or our provisions and supplies from certain places; an increase in concern about the risk of illness on our ships or when travelling to or from our ships, all of which reduces demand; unavailability of ports of call; growing anti-tourism sentiments and environmental concerns; changes in
Forward-looking statements should not be relied upon as predictions of actual results. Undue reliance should not be placed on the forward-looking statements in this release, which are based on information available to us on the date hereof. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
About
View original content to download multimedia:https://www.prnewswire.com/news-releases/royal-caribbean-group-announces-proposed-offering-of-senior-guaranteed-notes-to-refinance-debt-301741903.html
SOURCE
FAQ
What is the purpose of Royal Caribbean's $700 million notes offering?
Who guarantees the senior guaranteed notes offered by Royal Caribbean?
When are the senior guaranteed notes due?