Royal Caribbean launches notes offerings to refinance notes due 2023Royal Caribbean launches notes offerings to refinance notes due 2023

The company intends to use the proceeds from both offerings, together with cash on hand, to redeem all its outstanding 9.125% priority guaranteed notes due 2023 and 10.875% senior secured notes due 2023.

The closing of each offering is not contingent upon the closing of the other offering.

Guarantees

The senior guaranteed notes will be guaranteed on a senior unsecured basis by RCI Holdings LLC, which owns 100% of the equity interests of certain of the company's vessel-owning subsidiaries.

The senior secured notes will be guaranteed by Celebrity Cruises Inc., Celebrity Cruises Holdings Inc. and certain of the company's vessel owning-subsidiaries. These notes and the related guarantees will be secured by 26 vessels and material intellectual property.