• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
PublishDashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlertsPublish with Us
    Company
    AboutQuantisnow PlusContactJobsAI employees
    Legal
    Terms of usePrivacy policyCookie policy

    Royal Caribbean Cruises Ltd. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation, Financial Statements and Exhibits

    6/27/25 4:31:53 PM ET
    $RCL
    Marine Transportation
    Consumer Discretionary
    Get the next $RCL alert in real time by email
    false 0000884887 0000884887 2025-06-25 2025-06-25 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

     

     

    UNITED STATES
    SECURITIES AND EXCHANGE COMMISSION

    WASHINGTON, D.C. 20549 

     

    FORM 8-K

     

    CURRENT REPORT

    Pursuant To Section 13 or 15(d) of The Securities Exchange Act of 1934

     

    Date of Report (Date of earliest event reported): June 25, 2025

     

     

    ROYAL CARIBBEAN CRUISES LTD.

     
      (Exact Name of Registrant as Specified in Charter)  
         
     

    Republic of Liberia

     
      (State or Other Jurisdiction of Incorporation)  

     

    1-11884   98-0081645

    (Commission File Number)

     

    (IRS Employer Identification No.)

             

    1050 Caribbean Way,
    Miami
    , Florida

      33132

    (Address of Principal Executive Offices)

     

    (Zip Code)

     

    Registrant's telephone number, including area code: 305-539-6000

     

     

    Not Applicable 

     
      (Former Name or Former Address, if Changed Since Last Report)  

     

    Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

     

    ¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
       
    ¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
       
    ¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
       
    ¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

     

    Securities registered pursuant to Section 12(b) of the Act:

     

    Title of each class  

    Trading Symbol(s)

     

    Name of each exchange on which registered

    Common stock, par value $0.01 per share   RCL   New York Stock Exchange

     

    Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

     

    Emerging growth company         ¨

     

    If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.        ¨

     

     

     

     

     

     

    Item 1.01Entry into a Material Definitive Agreement.

     

    On June 25, 2025, Royal Caribbean Cruises Ltd. (the “Company”) entered into a credit agreement (the “Credit Agreement”) for the financing of the sixth Edge-class ship which is scheduled for delivery in the fourth quarter of 2028. The Credit Agreement makes available to the Company, upon acceptance and delivery of the ship, a US dollar-denominated term loan guaranteed 100% by BpiFrance Assurance Export, the official export credit agency of France. The loan, once assigned to the Company upon delivery of the ship, will amortize semi-annually and will mature twelve years thereafter. Interest on the loan is expected to accrue at a floating rate of Term SOFR plus 0.85% per annum. The Credit Agreement contains customary events of default and prepayment events for, among other things, non-payment, breach of covenants, default on certain other indebtedness, certain large judgments and a change of control of the Company.

     

    Certain of the lenders participating in the facility, and affiliates of those parties, provide banking, investment banking and other financial services to the Company from time to time for which they have received, and will in the future receive, customary fees.

     

    The foregoing description of the provisions of the Credit Agreement is summary in nature and is qualified in its entirety by reference to the full and complete terms of the Credit Agreement, which is filed herewith as Exhibit 10.1.

     

    Item 2.03Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

     

    The disclosure required by this item is included in Item 1.01 of this Current Report on Form 8-K and is incorporated herein by reference.

     

    Item 9.01Financial Statements and Exhibits.

     

    (d)  Exhibits

     

    Exhibit
    No.

     

    Description

    10.1   Novation Agreement relating to a Secured Credit Facility Agreement for Hull No. V35, dated June 25, 2025, by and among the Company and the banks and financial institutions listed therein
    104   Cover Page Interactive Data File (embedded within the Inline XBRL document)

     

     

     

    SIGNATURES

     

    Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

     

      ROYAL CARIBBEAN CRUISES LTD.
       
    Date: June 27, 2025 By: /s/ Naftali Holtz
      Name: Naftali Holtz
      Title: Chief Financial Officer

     

     

    Get the next $RCL alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $RCL

    DatePrice TargetRatingAnalyst
    4/25/2025$279.00Buy
    Northcoast
    3/31/2025$230.00Hold
    Jefferies
    3/27/2025$262.00Outperform
    Exane BNP Paribas
    3/5/2025$250.00Hold → Buy
    Loop Capital
    2/5/2025$250.00Hold
    Loop Capital
    11/26/2024$290.00Outperform
    Bernstein
    10/9/2024$204.00 → $253.00Buy
    Citigroup
    4/17/2024$164.00Buy
    Mizuho
    More analyst ratings