Royal Caribbean Cruises Ltd. entered into an underwriting agreement on February 12, 2026, for a public offering of $2.5 billion in senior notes to refinance debt maturing in 2026 and repay other indebtedness. The offering is expected to close on February 27, 2026, subject to customary closing conditions.
Key takeaways
Royal Caribbean entered into an underwriting agreement on February 12, 2026.
The agreement is for a public offering of $2.5 billion in senior notes.
The offering consists of $1.25 billion of 4.750% Senior Notes due 2033 and $1.25 billion of 5.250% Senior Notes due 2038.
The net proceeds are intended to refinance senior notes maturing in 2026 and repay existing indebtedness.
The offering is expected to close on February 27, 2026, subject to customary closing conditions.
The underwriters are J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, and PNC Capital Markets LLC as representatives.