Every 424B that Royal Caribbean Group (RCL) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 424B covers the supplement that carries the terms of a priced offering, so if you follow RCL and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full RCL filings page.
Royal Caribbean Cruises Ltd. is issuing $1.25 billion of 5.550% Senior Notes due 2034 under its shelf registration. The notes are senior unsecured obligations of the parent only, structurally subordinated to all subsidiary liabilities, and rank pari passu with other senior unsecured debt. They are priced at 99.837% of principal, pay cash interest semi-annually starting January 20, 2027, and mature on January 20, 2034. The issuer may redeem them early, including via a make‑whole call before October 20, 2033 and at par thereafter, and must offer to repurchase at 101% upon a qualifying Change of Control Triggering Event.
Net proceeds of about $1.237 billion will be used primarily to repay floating‑rate term loan facilities and otherwise refinance existing debt. On an as‑adjusted basis at June 30, 2026, total debt would be about $22.8 billion with no secured obligations, supported by strong recent performance including six‑month 2026 revenues of $9.284 billion, net income of $2.07 billion, and Adjusted EBITDA of $3.532 billion (interest‑coverage ratio 6.87x).
Royal Caribbean Cruises Ltd. is issuing new senior unsecured notes due 2034 under its shelf registration. The notes pay cash interest semi‑annually, are obligations of the parent company only, and are not guaranteed by subsidiaries, making them structurally subordinated to all subsidiary liabilities.
The notes rank pari passu with existing senior unsecured debt, ahead of any future subordinated debt and effectively junior to any future secured borrowings. The company may redeem the notes before maturity, including a make‑whole call and a par call beginning three months before maturity, and must offer to repurchase them at 101% of principal plus accrued interest upon a qualifying Change of Control Triggering Event. Proceeds are expected to be used primarily to repay floating‑rate term loan facilities and other existing indebtedness, effectively terming out part of the capital structure.
As of June 30, 2026, Royal Caribbean reported total assets of $44.64 billion, total debt of $22.84 billion (including finance leases) and shareholders’ equity of $10.46 billion. For the six months ended June 30, 2026, total revenues were $9.28 billion, net income attributable to the company was $2.07 billion, Adjusted EBITDA was $3.53 billion, and the ratio of Adjusted EBITDA to net interest expense was 6.87x, illustrating meaningful interest‑coverage capacity ahead of the new issuance.
Royal Caribbean Cruises Ltd. is issuing $2,500,000,000 aggregate principal amount of new senior notes, split between $1,250,000,000 of 4.750% notes due 2033 and $1,250,000,000 of 5.250% notes due 2038. Interest on the 2033 notes is paid semi-annually each May 15 and November 15, and on the 2038 notes each February 27 and August 27, beginning in 2026.
The notes are senior unsecured obligations of the parent company only, ranking equally with other senior debt and structurally subordinated to subsidiary liabilities. Royal Caribbean expects net proceeds of about $2,471 million, which it plans to use to refinance its 2026 senior notes and repay other existing indebtedness, including term loans. After this financing and application of proceeds, total debt would be about $21.3 billion as of December 31, 2025.
Royal Caribbean Cruises Ltd. is planning to issue two new series of unsecured senior notes, each paying semi-annual cash interest, to refinance its 2026 senior notes and repay other existing indebtedness, including term loans. The notes will rank equally with the company’s other senior unsecured debt and will be structurally subordinated to liabilities at subsidiaries.
The company reported strong 2025 results, with total revenues of $17,935 million, operating income of $4,910 million, and net income of $4,268 million. Total debt including finance leases was $21,345 million and shareholders’ equity was $10,245 million as of December 31, 2025. Adjusted EBITDA reached $7,026 million, giving a ratio of Adjusted EBITDA to net interest expense of 7.08x, indicating improved coverage of interest costs.