Royal Caribbean Cruises Ltd. announced on March 19, 2025, the completion of privately negotiated exchange transactions with holders of its 6.000% Convertible Senior Notes due 2025. Approximately $213 million in aggregate principal amount of the 2025 Notes were exchanged.
The exchange involved a combination of approximately 3.3 million shares of the company's common stock and approximately $214 million in cash, which included accrued and unpaid interest. The cash portion was funded with liquidity on-hand.
These transactions reduced the company's outstanding shares and share equivalents on a fully diluted basis by 1.0 million shares. Following the exchanges, approximately $110 million in aggregate principal amount of the 2025 Notes remain outstanding, demonstrating the company's proactive debt management.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.