Royal Caribbean Group announces pricing of $1.25 billion senior unsecured notes due 2033 and $1.25 billion senior unsecured notes due 2038

Core Viewpoint - Royal Caribbean Group has announced the pricing of $1.25 billion in senior unsecured notes, with two tranches maturing in 2033 and 2038, aimed at refinancing existing debt and repaying other obligations [1][2] Group 1: Offering Details - The company priced $1.25 billion of 4.750% senior unsecured notes due May 15, 2033, and $1.25 billion of 5.250% senior unsecured notes due February 27, 2038 [1] - The expected issuance date for the notes is around February 27, 2026, pending customary closing conditions [1] - The offering is made under an automatic shelf registration statement filed with the SEC on February 29, 2024 [1] Group 2: Use of Proceeds - The net proceeds from the notes will be used to refinance senior notes maturing in 2026 and to repay existing indebtedness, which may include term loans [1] Group 3: Management and Structure - J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, and PNC Capital Markets LLC are the lead book-running managers for the offering [1] - Royal Caribbean Group operates 69 ships and offers vacation experiences across more than 1,000 destinations globally through its brands [2]