Royal Caribbean Group announced that it has closed its private offering of $1,000,000,000 aggregate principal amount of 5.375% senior unsecured notes due 2027 (the Notes). The Notes will mature on July 15, 2027 unless earlier redeemed or repurchased. The Notes will be issued under an Indenture, dated as of January 7, 2022, between the Company and The Bank of New York Mellon Trust Company, N.A., as trustee, principal paying agent, transfer agent and registrar.

The Company expects to use the net proceeds from the offering of the Notes to repay principal payments on debt maturing in 2022 (including to pay fees and expenses in connection with such repayments). Pending such uses, the Company may temporarily apply the proceeds to repay borrowings under its revolving credit facilities or other borrowings.