8-KMaterial AgreementsExhibits & Filings

ROYAL CARIBBEAN CRUISES LTD 8-K Report, Material Agreement (Jun 8, 2006)

Filed June 8, 2006For Securities:RCL

Summary

Royal Caribbean Cruises Ltd. (RCL) filed an 8-K on June 7, 2006, to report on the entry into a material definitive agreement regarding a significant debt offering. The company entered into an underwriting agreement with a syndicate of underwriters, led by Goldman, Sachs & Co. and Barclays Capital Inc., to offer and sell $550 million in 7.00% Senior Notes due 2013 and $350 million in 7.25% Senior Notes due 2016. This transaction represents a substantial capital raise for RCL, totaling $900 million. The notes are being issued under a previously filed Registration Statement on Form S-1. Investors should note the interest rates and maturity dates of these new debt issuances, which indicate the company's cost of borrowing and long-term financial strategy. The filing underscores RCL's ongoing efforts to manage its capital structure and fund its operations or growth initiatives.

Key Highlights

  • 1RCL entered into an underwriting agreement on June 7, 2006.
  • 2The agreement is for the offer and sale of $550,000,000 in 7.00% Senior Notes due 2013.
  • 3The agreement also covers the offer and sale of $350,000,000 in 7.25% Senior Notes due 2016.
  • 4The total principal amount of notes offered is $900,000,000.
  • 5The notes are being issued under a previously filed Registration Statement on Form S-1 (File No. 333-115090).
  • 6The underwriting syndicate includes major financial institutions such as Goldman, Sachs & Co. and Barclays Capital Inc.
  • 7The filing was made pursuant to Item 1.01 of Form 8-K, concerning entry into a material definitive agreement.

Frequently Asked Questions

This 8-K filing reports the entry into a material definitive agreement by Royal Caribbean Cruises Ltd. (RCL) concerning a significant debt issuance.

RCL is raising a total of $900,000,000 through this offering, comprised of $550,000,000 in 7.00% Senior Notes due 2013 and $350,000,000 in 7.25% Senior Notes due 2016.

The debt offering is being underwritten by a syndicate of financial institutions, including Goldman, Sachs & Co., Barclays Capital Inc., BNP Paribas Securities Corp., Greenwich Capital Markets, Inc., Morgan Stanley & Co. Incorporated, DnB NOR Markets, Inc., J.P. Morgan Securities Inc., Morgan Keegan & Company, Inc., and Scotia Capital (USA) Inc.

Issuing the notes under a Form S-1 Registration Statement indicates that RCL has filed the necessary disclosures with the SEC to legally offer these securities to the public. This form typically includes detailed information about the company's business, financial condition, and the terms of the securities being offered.