Item 1.01 Entry into a Material Definitive Agreement
On January 12, 2023, Royal Caribbean Cruises Ltd. (the "Company," "our" and
"we") entered into amendments (collectively, the "Amendments") to our $1.9
billion unsecured revolving credit facility and our $1.1 billion unsecured
revolving credit facility each due April 2024 (collectively, the "Revolving
Credit Facilities").
These Amendments, among other things, extend the maturity date or termination
date, as applicable, of $2.3 billion in aggregate of advances and commitments
held by consenting lenders under the Revolving Credit Facilities by twelve
months to April 2025. The balance of the advances and commitments will continue
to mature or terminate, as applicable, in April 2024.
Following the Amendments, JPMorgan Chase Bank, N.A. will serve as the
administrative agent for each Revolving Credit Facility. Certain of the lenders
participating in the Revolving Credit Facilities, and affiliates of those
parties, provide banking, investment banking and other financial services to us
from time to time for which they have received, and will in the future receive,
customary fees.
A copy of the Company's press release announcing the entry into the Amendments
is filed as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated
herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit 99.1 - Press release dated January 12, 2023
Exhibit 104 Cover Page Interactive Data File (embedded within the Inline XBRL
document).
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