ROYAL CARIBBEAN CRUISES LTD. (NYSE:RCL) Files An 8-K Entry into a Material Definitive Agreement

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ROYAL CARIBBEAN CRUISES LTD. (NYSE:RCL) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement

On December4, 2017, we entered into an agreement to amend and restate our current $1.4 billion unsecured revolving credit facility. Under the amended facility, advances currently bear interest at LIBOR plus a margin of 1.175%. The amended facility contains conditions, covenants, representations and warranties and events of default (with customary grace periods, as applicable) similar to (but updated in certain respects to reflect improvement in our credit metrics) the conditions, covenants, representations and warranties and events of default that existed prior to the amendment, including financial covenants that require us to, among other things, maintain a fixed charge coverage ratio as well as limit our net debt-to-capital ratio.

Certain of the lenders participating in the amended facility, 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.

The foregoing description of the provisions of the amended facility is summary in nature and is qualified in its entirety by reference to the full and complete terms of the credit agreement, a copy of which is filed herewith as Exhibit10.1 and incorporated herein by reference.

Item 1.01 Creation 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 Form8-K and is incorporated herein by reference.

Item 1.01 Financial Statements and Exhibits

(d) Exhibits


ROYAL CARIBBEAN CRUISES LTD Exhibit
EX-10.1 2 a17-28076_1ex10d1.htm EX-10.1 Exhibit 10.1   EXECUTION COPY   AMENDMENT TO THE CREDIT AGREEMENT   This AMENDMENT TO THE CREDIT AGREEMENT (this “Amendment”),…
To view the full exhibit click here

About ROYAL CARIBBEAN CRUISES LTD. (NYSE:RCL)

Royal Caribbean Cruises Ltd. is a cruise company. The Company owns various brands, such as Royal Caribbean International, Celebrity Cruises, Pullmantur, Azamara Club Cruises, CDF Croisieres de France and joint venture interest in TUI Cruises. It operates approximately 23 ships with an aggregate capacity of approximately 68,600 berths under its Royal Caribbean International brand, offering cruise itineraries that range from 2 to 24 nights. It operates over 11 ships with an aggregate capacity of approximately 24,900 berths under its Celebrity Cruises brand. It operates over two ships with an aggregate capacity of approximately 1,400 berths under its Azamara Club Cruises brand, offering cruise itineraries that range from 3 to 20 nights. It operates approximately three ships with an aggregate capacity of approximately 6,200 berths under its Pullmantur brand. It operates over two ships with an aggregate capacity of approximately 2,800 berths under its CDF Croisieres de France brand.