Royal Caribbean extends majority of term loan through October 2024

By Mary-Katherine Stinson

Lexington, Ky., Sept. 20 – Royal Caribbean Cruises Ltd. amended its term loan agreement on Sept. 19 with Bank of America, NA as administrative agent to extend the maturity date of advances held by consenting lenders by 12 months to October 2024, according to an 8-K filing with the Securities and Exchange Commission.

There was a prepayment of 10% of the outstanding advances made to the consenting lenders.

Following the amendment, there are $501.6 million in advances outstanding under the term loan, $30 million of which matures in October 2023 and $471.6 million maturing in October 2024.

Royal Caribbean is a Miami-based cruise company.

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