Core Viewpoint - Royal Caribbean Cruises Ltd. has initiated a public offering of senior unsecured notes to finance the delivery of Celebrity Xcel and to manage existing debt obligations [1][2]. Financing and Use of Proceeds - The net proceeds from the notes will be used primarily for the delivery of Celebrity Xcel, instead of utilizing the existing export credit agency facility. Remaining proceeds will be allocated to redeem, refinance, or repurchase existing indebtedness, including amounts under revolving credit facilities [2]. Offering Details - The notes offering is conducted under an automatic shelf registration statement filed with the SEC on February 29, 2024, which became effective upon filing. Investors are encouraged to read the prospectus and related documents for comprehensive information [3]. Contact Information for Prospectus - Copies of the prospectus and related documents can be obtained from BofA Securities, Goldman Sachs, and Morgan Stanley, with specific contact details provided for each [4]. Company Overview - Royal Caribbean Group operates a global fleet of 68 ships across five brands, serving millions of guests annually. The company focuses on delivering responsible vacations and has a history of innovation in leisure travel [9].

Core Insights - Norwegian Cruise Line Holdings Ltd. has executed long-term charter agreements for four vessels across its three brands, indicating a strategic approach to fleet optimization and market expansion [1][4] - The company is committed to growing its fleet with 12 ships on order through 2036, which will enhance guest experiences and maintain its competitive edge in the cruise industry [1][2] Fleet Optimization - The agreements include charters for Norwegian Sky and Norwegian Sun to Cordelia Cruises in India, with anticipated start dates in 2026 and 2027 [4] - Regent Seven Seas Cruises' Seven Seas Navigator and Oceania Cruises' Insignia will be chartered to Crescent Seas, also starting in 2026 and 2027 [4] Future Growth Plans - Norwegian Cruise Line Holdings plans to add 12 additional ships, which will increase its fleet capacity by approximately 37,500 berths [2] - The company operates a combined fleet of 33 ships with around 70,050 berths, offering itineraries to approximately 700 destinations worldwide [2]

Core Insights - Oceania Cruises has launched a new collection of itineraries featuring a range of travel experiences from one-week getaways to extensive 244-day voyages, including the Around the World voyage on Oceania Vista [1][3] - The itineraries are designed for travelers seeking immersive experiences in exotic locations, allowing exploration of lesser-visited destinations across multiple continents [2][3] Itinerary Highlights - The 2026-2027 Tropics and Exotics Collection includes nearly 30 Grand Voyages that cover diverse regions such as Asia, Africa, the Caribbean, South America, and Oceania [3][4] - Specific highlights include unique cultural experiences in South America, vibrant city explorations in Asia, and natural wonders in Africa [6] Company Overview - Oceania Cruises is recognized as a leading culinary- and destination-focused cruise line, operating eight small luxury ships with a maximum capacity of 1,250 guests [6] - The company offers destination-rich itineraries that span over 600 ports in more than 100 countries, emphasizing high-quality cuisine and curated travel experiences [6][7] Future Developments - Oceania Cruises has two additional ships on order, scheduled for delivery in 2027 and 2028 or 2029, indicating ongoing expansion and commitment to enhancing its fleet [7]