Royal Caribbean Announces Pricing Of $650 Million Senior Unsecured Notes Offering

   Royal Caribbean Announces Pricing Of $650 Million Senior Unsecured Notes

  PR Newswire

  MIAMI, Nov. 2, 2012

MIAMI, Nov. 2, 2012 /PRNewswire/ --Royal Caribbean Cruises Ltd. (NYSE, OSE:
RCL) today announced that it has priced an offering of $650 million aggregate
principal amount of Senior Unsecured Notes due 2022. The offering was upsized
from the previously announced $500 million aggregate principal amount of
Senior Notes.The Senior Unsecured Notes were priced at100% of the principal
amount, will bear interest at the rate of5.250% per annum and will mature
onNovember 15, 2022. The Senior Unsecured Notes are expected to be issued on
November 7, 2012.

The company plans to use the proceeds from the offering to repay amounts
outstanding under its unsecured debt facilities.

Citigroup Global Markets Inc. and J.P. Morgan Securities LLC acted as global
coordinators and joint physical book-running managers. Goldman, Sachs & Co.,
Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan Stanley & Co. LLC
and RBS Securities Inc. acted as joint book-running managers.

The offering was made pursuant to a shelf registration statement filed with
the Securities and Exchange Commission. A written prospectus for the offering
may be obtained if you request it by calling Citigroup Global Markets Inc.,
toll-free at 1-800-831-9146 or J.P. Morgan Securities LLC, toll-free at

Royal Caribbean Cruises Ltd. (NYSE,OSE: RCL) is a global cruise vacation
company that owns Royal Caribbean International, Celebrity Cruises,
Pullmantur, Azamara Club Cruises and CDF Croisieres de France, as well as TUI
Cruises through a 50 percent joint venture. Together, these six brands
operate a combined total of 41 ships with four under construction. They
operate diverse itineraries around the world that call on approximately 460
destinations on all seven continents.

This press release does not constitute an offer to sell or the solicitation of
an offer to buy the Senior Unsecured Notes, nor shall it constitute an offer,
solicitation or sale in any jurisdiction in which such offer, solicitation or
sale is unlawful.

Certain statements in this release relating to, among other things, our future
performance, constitute forward-looking statements. Words such as
"anticipate," "believe," "could," "estimate," "expect," "goal," "intend,"
"may," "plan," "project," "seek," "should," "will," and similar expressions
are intended to identify these forward-looking statements. Forward-looking
statements reflect management's current expectations, are inherently uncertain
and are subject to risks, uncertainties and other factors, which could cause
our actual results, performance or achievements to differ materially from the
future results, performance or achievements expressed or implied in those
forward-looking statements. Examples of these risks, uncertainties and other
factors include, but are not limited to the following: the impact of the
economic environment on the demand for cruises, the impact of the economic
environment on our ability to generate cash flows from operations or obtain
new borrowings from the credit or capital markets in amounts sufficient to
satisfy our capital expenditures, debt repayments and other financing needs,
the uncertainties of conducting business internationally and expanding into
new markets, changes in operating and financing costs, vacation industry
competition and changes in industry capacity and overcapacity, emergency ship
repairs, including the related lost revenue, the impact of ship delivery
delays, ship cancellations or ship construction price increases, financial
difficulties encountered by shipyards or their subcontractors and incidents or
adverse publicity concerning the cruise vacation industry such as the Costa
Concordia casualty and the unavailability or cost of air service.

Contact: Ian Bailey, +1-305-982-2625
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