UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
Pursuant To Section 13 or 15(d) of The Securities Exchange Act of 1934
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| Item 1.01 | Entry into a Material Definitive Agreement. |
On March 10, 2021, Royal Caribbean Cruises Ltd. (“we” or the “Company”) entered into an amendment (the “Odyssey Facility Amendment”) to the credit agreement for the financing of Odyssey of the Seas in order to increase the maximum loan amount available under the facility. This agreement, as amended, makes available to us a U.S. dollar-denominated loan guaranteed 95% by Euler Hermes Aktiengesellschaft (“Hermes”), the official export credit agency of Germany, in a maximum amount equal to the US dollar equivalent of 80% of the vessel purchase price plus 100% of the premium payable to Hermes. There are no other changes to the other terms or conditions in the credit agreement as a result of the Odyssey Facility Amendment.
Certain of the lenders participating in the Odyssey Facility Amendment 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 Odyssey Facility Amendment is summary in nature and is qualified in its entirety by reference to the full and complete terms of the Odyssey Facility Amendment, a copy of which are filed herewith as Exhibit 10.1 and incorporated herein by reference.
| Item 9.01 | Financial Statements and Exhibits. |
| (d) | Exhibits |
Exhibit 104 - Cover Page Interactive Data File (embedded within the Inline XBRL document)
2
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| ROYAL CARIBBEAN CRUISES LTD. | |||
| Date: | March 16, 2021 | By: | /s/ Bradley H. Stein |
| Name: | Bradley H. Stein | ||
| Senior Vice President, General Counsel & Secretary | |||