Royal Caribbean Group Stock Price, News & Analysis

Silversea, a luxury expedition travel company, has announced plans to develop a 150-room hotel in Puerto Williams, Chile, the southernmost city on Earth. The hotel, set to be completed by the end of 2025, aims to enhance the Antarctic expedition experience for guests participating in Silversea's Antarctica Bridge fly-cruise program. This development will allow travelers to enjoy Silversea's personalized service throughout their journey to the 'White Continent'.

The hotel will be built in partnership with Chilean investors and will feature amenities such as a restaurant, bar and lounge, fitness center, and a gift shop showcasing local artisanal products. Silversea is committed to creating economic opportunities for the local community while preserving cultural heritage and minimizing environmental impact. This initiative further solidifies Silversea's leadership in the luxury expedition segment, offering diverse polar experiences on ships like Silver Endeavour, Silver Wind, and Silver Cloud.

Celebrity Cruises® has unveiled its 2026-2027 season, offering over 600 sailings to more than 280 destinations across all seven continents. Highlights include:

1. Celebrity Xcel℠ debuts in Europe with first-ever overnights in Madeira, Portugal.

2. Expanded Iceland season featuring a solar eclipse viewing opportunity.

3. Return to South America and Antarctica.

4. New 110-night Grand Voyage from Canada to Hong Kong on Celebrity Solstice®.

5. Eight ships exploring Europe, including three Edge Series ships.

6. Nine ships in the Caribbean, sailing from four Florida ports.

7. Three ships in Alaska, including Celebrity Edge®.

8. New experiences in Asia, including sailings from Tokyo's new Narita terminal.

The season offers more overnight stays, immersive experiences, and unique itineraries across various regions, catering to diverse traveler preferences.

Royal Caribbean Cruises (NYSE: RCL) has successfully completed a private offering of $1.5 billion in 5.625% Senior Notes due 2031. The company plans to use the proceeds to refinance existing debt, including:

• Redeeming all outstanding $700 million of 7.250% Senior Notes due 2030
• Repaying the entire $232 million Silver Dawn finance lease

These actions will result in RCL having no remaining guaranteed or secured notes outstanding. The new notes were offered only to qualified institutional buyers and certain non-U.S. persons, and are not registered under the Securities Act. Any remaining proceeds may be used to temporarily repay borrowings under revolving credit facilities.

Royal Caribbean Group (NYSE: RCL) has announced the pricing of a $1.5 billion offering of senior unsecured notes due 2031, upsized from the initially announced $1.0 billion. The notes, carrying a 5.625% interest rate, are set to mature on September 30, 2031, with issuance expected around September 26, 2024. The company plans to use the proceeds to refinance existing debt, including redeeming all outstanding 7.250% Senior Notes due 2030 and repaying the Silver Dawn finance lease. This move will result in RCL having no remaining guaranteed or secured notes outstanding. The offering is to qualified institutional buyers and certain non-U.S. persons, adhering to SEC regulations.

Royal Caribbean Cruises (NYSE: RCL) has announced a private offering of $1.0 billion in senior unsecured notes due 2031. The company plans to use the proceeds to refinance existing debt, including:

• Redeeming all outstanding 7.250% Senior Notes due 2030
• Repaying the Silver Dawn finance lease in full

This move will eliminate all of RCL's remaining guaranteed indebtedness. The notes are being offered only to qualified institutional buyers and certain non-U.S. persons, and will not be registered under the Securities Act. Any excess proceeds may be used to temporarily repay revolving credit facility borrowings.

Royal Caribbean Group (NYSE: RCL) has signed an agreement with Meyer Turku for a fourth Icon Class ship, set to be delivered in 2027. The deal includes options for a fifth and sixth ship in the class. This expansion follows the successful launch of Icon of the Seas in January 2024, which has exceeded expectations in guest satisfaction and financial performance.

The announcement reinforces RCL's commitment to moderate capacity growth and innovation in vacation experiences. The Icon Class ships combine beach retreat, resort escape, and theme park adventure elements. With this order, Meyer Turku will have built 21 ships for Royal Caribbean Group over 28 years. The company's newbuild pipeline now includes seven ships on order and two shipyard options.

Royal Caribbean Group (NYSE: RCL) has completed private exchange transactions with certain holders of its 6.000% Convertible Senior Notes due 2025. The company exchanged approximately $827 million in aggregate principal amount of the 2025 Notes for about 11.4 million shares of common stock and $827 million in cash. The cash portion was funded through borrowings under revolving credit facilities. Following the exchange, approximately $323 million in aggregate principal amount of the 2025 Notes remain outstanding.

CFO Naftali Holtz stated that this transaction addresses a 2025 debt maturity while reducing outstanding shares and share equivalents on a fully diluted basis by 5.1 million shares. The exchange is not expected to materially impact 2024 adjusted earnings per share.

Royal Caribbean International's Star of the Seas is set to debut in August 2025, offering 7-night vacations from Port Canaveral (Orlando), Florida. This Icon Class ship will feature:

- Category 6 waterpark with six record-breaking waterslides
- Seven pools, including an adults-only suspended infinity pool
- Eight unique neighborhoods, including Thrill Island, Chill Island, and Surfside for young families
- Over 40 dining and drinking options
- New Lincoln Park Supper Club with 1930s Chicago-inspired experience

Star of the Seas will join Utopia of the Seas in Port Canaveral, offering vacationers a choice between weeklong Caribbean trips and shorter Bahamas getaways. The ship will also visit Royal Caribbean's Perfect Day at CocoCay in The Bahamas.

Royal Caribbean Group (NYSE: RCL) has successfully completed a $2.0 billion private offering of 6.000% Senior Notes due 2033. The company plans to use the proceeds, along with borrowings from its revolving credit facilities, to redeem all outstanding 9.250% Senior Notes due 2029 and 8.250% Senior Secured Notes due 2029 on August 13, 2024. This move will effectively eliminate RCL's remaining secured indebtedness.

The new Notes, maturing on February 1, 2033, were offered exclusively to qualified institutional buyers and certain non-U.S. persons, in compliance with Securities Act regulations. This refinancing strategy aims to optimize Royal Caribbean's debt structure and potentially reduce interest expenses.