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Royal Caribbean Cruises 8-K 2008 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
On December 19, 2008, Celebrity Solstice V Inc. (the “Borrower”), a subsidiary of Royal Caribbean Cruises Ltd. (the “Company”), entered into a Credit Agreement with KfW IPEX-Bank GmbH, as agent for Euler Hermes Kreditversicherungs AG and administrative agent, and KfW IPEX-Bank GmbH, as lender. The agreement provides for the making of an unsecured term loan not to exceed the US Dollar equivalent corresponding to Euro 485.6 million to the Borrower, which when drawn will be guaranteed by the Company. The Company intends to use the proceeds of the loan towards the purchase of Celebrity Solstice V, which is scheduled for delivery in 2012. The loan will be funded upon delivery of the ship and will have a 12-year tenor with semi-annual amortization. The interest will be at a fixed interest rate of 4.13% (inclusive of the applicable margin). Under certain circumstances, the interest may be converted to a floating interest rate of LIBOR plus the then applicable margin upon payment of applicable breakage costs, if any. A copy of the Credit Agreement is attached as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Exhibit 10.1 - Credit Agreement dated as of December 19, 2008 among Celebrity Solstice V Inc., KfW IPEX-Bank GmbH, as agent for Euler Hermes Kreditversicherungs AG and administrative agent, and KfW IPEX-Bank GmbH, as lender.
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.
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