8-KMaterial AgreementsExhibits & Filings

ROYAL CARIBBEAN CRUISES LTD 8-K Report, Material Agreement (Jul 3, 2007)

Filed July 3, 2007For Securities:RCL

Summary

This Form 8-K filing from Royal Caribbean Cruises Ltd. (RCL), dated July 3, 2007, reports on a significant amendment and restatement of its Credit Agreement. The primary impact for investors is the substantial increase in the company's unsecured revolving credit facility to $1.225 billion. This expanded facility provides greater financial flexibility and a stronger liquidity position for general corporate purposes. Furthermore, the maturity date of this credit facility has been extended to June 29, 2012. This extension of the maturity provides a longer-term funding source and demonstrates continued access to capital markets, which is a positive signal for the company's financial stability and its ability to manage ongoing operations and strategic initiatives.

Key Highlights

  • 1RCL amended and restated its Credit Agreement as of June 29, 2007.
  • 2The Company's unsecured revolving credit facility was increased to $1,225,000,000.
  • 3The maturity date of the credit facility has been extended to June 29, 2012.
  • 4The increased credit facility is intended for general corporate purposes.
  • 5The agreement involves various financial institutions and Citibank, N.A. as Administrative Agent.
  • 6This filing signifies enhanced financial flexibility and liquidity for RCL.

Frequently Asked Questions

The main purpose of this 8-K filing is to announce the amendment and restatement of Royal Caribbean Cruises Ltd.'s Credit Agreement, which significantly increases its revolving credit facility and extends its maturity date.

The company's unsecured revolving credit facility was increased from its previous amount to $1,225,000,000.

The maturity date for the amended and restated credit facility has been extended to June 29, 2012.

The increased credit facility provides Royal Caribbean with greater financial flexibility and enhanced liquidity, allowing for general corporate purposes and demonstrating continued access to capital markets.