Fleet Financing

Royal Caribbean Group announces – GuruFocus.com

MIAMI, January 7, 2022

MIAMI, January 7, 2022 / PRNewswire / – Royal Caribbean Group (NYSE: RCL) (the “Company”) today announced the closing of its private offering of $ 1,000,000, 000 aggregate principal amount of the 5.375% Senior Unsecured Notes due 2027 (the “Notes”). The Notes will mature on July 15, 2027, unless they are redeemed or redeemed earlier.

The Notes will be issued pursuant to a Deed of Trust dated January 7, 2022, between the Company and The Bank of New York Mellon Trust Company, NA, as Trustee, Principal Paying Agent, Transfer Agent and Registrar.

The Company expects to use the net proceeds of the offering of the Notes to repay the principal of the debt maturing in 2022 (including to pay the fees and expenses associated with such repayments). Pending such uses, the Company may temporarily use the proceeds to repay borrowings under its revolving credit facilities or other borrowings.

Nothing herein constitutes an offer to sell or the solicitation of an offer to buy any security. The Notes are only offered to persons reasonably suspected of being Qualified Institutional Purchasers under Rule 144A of the Securities Act of 1933, as amended (the “Securities Act”), and outside United States, only to certain non-US investors in accordance with Regulation S. The Securities will not be registered under the Securities Act or any state securities laws and may not be offered or sold in United States the lack of registration or an applicable exemption from the registration requirements of the Securities Act and applicable state laws.

This press release does not constitute an offer to sell or a solicitation of an offer to buy the Notes or any other security and does not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be illegal. This press release is issued in accordance with Rule 135c of the Securities Act.

Caution regarding forward-looking statements
Certain statements in this press release concerning, among other things, our estimates, forecasts and projections of future performance constitute forward-looking statements under the Private Securities Litigation Reform Act of 1995. These statements include, without limitation, statements regarding income, costs and financial results for 2021 and beyond. Words such as “anticipate”, “believe”, “could”, “lead”, “estimate”, “” “”” “should”, “will”, “should”, “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. future results, performance or achievements expressed or implied in these forward-looking statements. Examples of these risks, uncertainties and other factors include, but are not limited to, the impact of COVID-19 and other contagious diseases on economic conditions, industries and societies in general, the travel industry and the financial condition and results of operations of our company; required or voluntary travel restrictions, including potential cruise suspensions; guest cancellations; the pace and efficiency of our return to service; our ability to meet the conditional navigation order framework issued by the US Centers for Disease Control and Prevention (“CDC”); the impact on our business of current or future directions of the CDC; the impact of state regulations and disputes over proof of passenger vaccination; our ability to obtain sufficient financing, capital or income to meet liquidity needs, capital expenditures, debt repayments and other financing needs; the effectiveness of the measures we have taken to improve and meet our liquidity needs; the impact of the economic and geopolitical environment on key aspects of our business, such as demand for cruises, passenger spending and operating costs; supply chain disruptions; incidents or negative publicity regarding our ships, port facilities, land and / or passenger destinations or the cruise industry in general; concerns about the safety, health and safety of guests and crew; the cost and effectiveness of our security protocols related to COVID-19; impairment of our goodwill, long-lived assets, investments and notes receivable; difficulty finding crew, provisions and supplies; the appearance of COVID-19 and other contagious diseases on our ships and concerns about the risk of illness while traveling to, on or from our ships; unavailability of ports of call; growing anti-tourism sentiments and environmental concerns; changes in US policy on foreign travel; uncertainties associated with doing business internationally and expanding into new markets and new businesses; our ability to recruit, develop and retain high quality staff; variations in operating and financing costs; the impact of our current and future debt; the impact of currency exchange rates, inflation and fluctuations in interest rates and fuel prices; labor shortages; the impact of conversions of our convertible notes, if any, into shares of our common stock or a combination of cash and shares of our common stock; our expectation not to declare or pay dividends on our common shares for the foreseeable future; competition in the holiday industry and changes in industry capacity and overcapacity; the risks and costs associated with cybersecurity attacks, data breaches, protecting our systems and maintaining the security and integrity of data, as well as the personal data of our guests, employees and others; the impact of new or changing laws and regulations or government orders on our business; ongoing or threatened litigation, investigations and enforcement actions; the effects of weather conditions, natural disasters and seasonality on our business; emergency repairs to ships, including loss of related revenue; the impact of problems on shipyards, including ship delivery delays, ship cancellations or increases in ship construction costs; unavailability of the shipyard; unavailability or cost of air service; and the uncertainties of a foreign legal system because we are not incorporated into United States.

In addition, many of these risks and uncertainties are and will continue to be heightened, or may be heightened in the future, by the COVID-19 pandemic. It is not possible to predict or identify all of these risks.

Forward-looking statements should not be taken as a prediction of actual results. We should not place undue reliance on any forward-looking statements contained in this press release, which are based on information available to us as of the date hereof. We assume no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

About the Royal Caribbean Group
The Royal Caribbean Group (NYSE: RCL) is one of the world’s leading cruise lines with a global fleet of 61 ships traveling to over 800 destinations around the world. The Royal Caribbean Group consists of three global cruise brands, Royal Caribbean International, Celebrity Cruises and Silversea Cruises, as well as TUI Cruises and Hapag-Lloyd Cruises, of which it owns 50% in a joint venture. Together, the brands have 12 additional ships on order as of December 31, 2021.

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SOURCE Royal Caribbean Group