What is the primary purpose of this Euro 1 billion Senior Notes offering?

The primary purpose of this offering is to raise funds to refinance short-term debt that was incurred as part of the acquisition of Pullmantur S.A. Any remaining proceeds will be used for general corporate purposes.

What are the key terms of the Senior Notes being issued?

The Senior Notes are denominated in Euros, with a principal amount of one billion. They carry a coupon of 5.625% and mature in 2014. They were priced at 99.638% of their face value.

Are these Senior Notes being offered to U.S. investors?

No, the Senior Notes have not been registered under the U.S. Securities Act of 1933. They may not be offered or sold in the United States unless they are registered or an exemption from registration requirements applies.

What is the significance of the Pullmantur S.A. acquisition?

The filing indicates that this acquisition resulted in short-term debt which Royal Caribbean is now looking to refinance through this Senior Notes offering, suggesting it was a material event for the company's financing structure.

RCL 8-K SEC Disclosure — Jan 18, 2007

Summary

Royal Caribbean Cruises Ltd. (RCL) has announced the pricing of a significant Euro one billion offering of its 5.625% Senior Notes due 2014. This offering, priced at 99.638% of par, is a strategic move to manage the company's debt structure. The net proceeds are earmarked for refinancing short-term debt incurred from the acquisition of Pullmantur S.A., with any remaining funds designated for general corporate purposes. This transaction indicates Royal Caribbean's proactive approach to optimizing its capital structure and managing acquisition-related expenses.

Key Highlights

1RCL priced an offering of Euro one billion in 5.625% Senior Notes due 2014.
2The notes were priced at 99.638% of their face value.
3Proceeds will be used to refinance short-term debt from the acquisition of Pullmantur S.A.
4Remaining proceeds will support general corporate purposes.
5The notes are not registered under the Securities Act of 1933 and are subject to offering restrictions in the United States.
6The filing includes standard forward-looking statements and risk factors relevant to the cruise industry.

ROYAL CARIBBEAN CRUISES LTD 8-K Report, Corporate Update (Jan 18, 2007)

Summary

Key Highlights

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