Royal Caribbean Group broadcasts provide of $1 billion of senior assured notes and $1 billion of senior secured notes to refinance 2023 debt maturities


miami, September 22, 2022 /PRNewswire/ — Royal Caribbean Cruises Ltd. (NYSE: RCL) (“The Firm”) immediately introduced that it has fastened the pricing of its concurrent non-public choices. $1.0 billion 9.250% of the full principal quantity of Senior Assured Notes payable by 2029 (“Senior Assured Notes”), and $1.0 billion 8.250% of the full principal quantity of Senior Secured Notes due by 2029 (“Senior Secured Notes,” along with Senior Assured Notes, “Notes”). The Firm intends to make use of the proceeds from the sale of Senior Assured Notes and Senior Secured Notes, with money readily available, to redeem 9.125% of all its excellent Precedence Assured Notes due by 2023 and 10.875% of Senior Secured Notes due by 2023 respectively . Concurrently with the respective termination of the Senior Assured Notes and Senior Secured Notes choices (together with the cost of charges and bills in respect of such redemption).

(PRNewsfoto/Royal Caribbean Group)

Senior Assured Notes will mature on January 15, 2029. Senior Assured Notes will likely be assured on a senior unsecured foundation by RCI Holdings LLC, which owns 100% of the fairness pursuits of sure vessel-owned subsidiaries wholly owned by the Firm.

Senior Secured Notes will mature on January 15, 2029. Senior Secured Notes Assured by Superstar Cruises Inc., Superstar Cruises Holdings Inc. and a few wholly owned subsidiaries of the Firm. The Senior Secured Notes and associated ensures shall be secured by the Firm’s 26 ships and the Firm’s bodily mental property in an quantity not exceeding the capability permitted below the Firm’s present indebtedness.

The word is anticipated to be launched on or round October 6, 2022.

The closing of every providing shouldn’t be incidental to the closure of the opposite providing.

Nothing contained herein shall represent a suggestion to promote or a solicitation of a suggestion to purchase a safety. Notes are being provided solely to individuals who’re deemed to be moderately certified institutional patrons who depend on Rule 144A below the Securities Act of 1933, amended (“Securities Act”), and out of doors United StatesJust for sure non-US traders in accordance with Regulation S. Notes shall not be registered below the Securities Act or any state securities legal guidelines and might not be provided or bought United States Absent registration or relevant exemption from the registration necessities of the Securities Act and relevant state legal guidelines.

This press launch shall not represent a suggestion or solicitation of a suggestion to purchase notes or another securities and shall not represent a suggestion, solicitation or sale in any jurisdiction during which such provide, solicitation or sale could be illegal. This press launch is issued in accordance with and in accordance with Rule 135C below the Securities Act.

Particular Notice Relating to Ahead-looking Statements

Sure statements on this press launch regarding, amongst different issues, our future efficiency projections, projections and projections are forward-looking statements below the Non-public Securities Litigation Reform Act of 1995. These statements embrace, however aren’t restricted to: statements about income, prices and monetary outcomes for 2022 and past. “estimate,” “imagine,” “may,” “driving,” “estimate,” “anticipate,” “purpose,” “intend,” “may,” “plan,” “undertaking,” “search” Phrases like “. The expressions “ought to,” “will likely be,” “will likely be,” “contemplate,” and related expressions are supposed to assist establish forward-looking statements. Ahead-looking statements replicate administration’s present expectations, selections based mostly on, are inherently unsure and are topic to dangers, uncertainties and different elements that would trigger our precise outcomes, efficiency or achievements to vary materially from these of future outcomes, efficiency or achievements or these contained in forward-looking statements. Examples of dangers, uncertainties and different elements embrace, however aren’t restricted to: the impression of a world occasion and the continued unfold of COVID-19, which has and can proceed to have an antagonistic impression on our enterprise, liquidity and financial circumstances and the final from operations on the journey business, or because of different infectious illnesses, and specifically the monetary situation and working penalties of our Firm, resembling: authorities and self-imposed journey restrictions and visitor cancellations; our capability to increase the maturity of our present financial institution services liquidity wanted our capability to acquire ample financing, capital or income to satisfy capital expenditures, debt reimbursement and different monetary wants; the effectiveness of the actions we now have taken to enhance and meet our liquidity wants; The impression of the financial and geopolitical surroundings on key facets of our enterprise, together with the battle between Ukraine And Russia, resembling demand for cruises, passenger bills and working prices; Incidents or antagonistic publicity regarding our ships, port services, land websites and/or passengers or the cruise leisure business normally; Considerations over the security, well being and security of visitors and crew; Our COVID-19 protocols and another well being protocols we could develop in response to infectious illnesses could also be extra expensive and fewer efficient than we anticipate in lowering the danger of an infection and the unfold of such illness on our cruise ships might; additional lack of our goodwill, lengthy lasting property, fairness investments and notes receivable; the shortcoming to acquire our crew or our provisions and provides from sure places; elevated concern in regards to the threat of illness when touring on or off our ships, all of which underpin demand; non-availability of ports of name; Rising anti-tourism sentiments and environmental issues; Modifications in US overseas journey coverage; the uncertainty of doing enterprise internationally and increasing into new markets and new enterprises; Our capability to recruit, develop and retain prime quality personnel; adjustments in working and monetary prices; our indebtedness, any extra debt we could impose and restrictions in agreements governing our indebtedness that restrict our flexibility in conducting our enterprise; The impact of overseas foreign money trade charges, the impact of upper rates of interest and gas costs; Leisure business competitors and adjustments in business capability and extra capability; the dangers and prices related to cyber safety assaults, knowledge breaches, the safety of our programs and sustaining the integrity and safety of our enterprise info, in addition to the private knowledge of our visitors, workers and others; the impact of recent or altering legal guidelines and rules (together with environmental rules) or authorities orders on our enterprise; pending or threatened lawsuits, investigations and enforcement actions; Results of climate, pure disasters and climate on our enterprise; Impression of points on the shipyard, together with ship supply delays, ship cancellations or elevated shipbuilding prices; non-availability of shipyard; unavailability or price of air service; and the uncertainties of a overseas authorized system as we’re not concerned in United States,

As well as, many of those dangers and uncertainties are at present and can proceed to be elevated, or sooner or later, by the COVID-19 pandemic. It’s not doable to foretell or establish all such dangers.

Ahead-looking statements shouldn’t be relied upon as a prediction of precise outcomes. The forward-looking statements on this press launch shouldn’t be unreasonably relied upon, that are based mostly on info obtainable to us as of the date herein. We undertake no obligation to publicly replace or revise any forward-looking statements, whether or not because of new info, future occasions or in any other case.

About Royal Caribbean Group

Royal Caribbean Group (NYSE:RCL) is likely one of the world’s main cruise firms, with a world fleet of 64 ships serving almost 1,000 locations around the globe. Royal Caribbean Group owns and operates three award-winning cruise manufacturers: Royal Caribbean Worldwide, Superstar Cruises and Silversea Cruises, and it additionally owns 50% of a three way partnership that operates TUI Cruises and Hapag-Lloyd Cruises. Collectively, the manufacturers have an extra 10 ships on order. 30 June 2022,

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