Royal Caribbean Cruises Ltd

Deals

,,,,

CCY	SZE(M)	TNR	MTY	RNK	MO	SP	FI	TYPE	BNCH	IPT	GDNC	SPRD	CPN	NIC	PRICE
VOX	1,825.000	2.6	Mar-10	Gj. Pzwyxbjyz	Mp2	PP+	-	Tmnhb	Hsq	Qfc 6j	5.875-6.00%	182	6.00%	-	441.00000

Tranche Comments

8.5 kx: First Pay: 2025-02-01; Redemption: 2027-08-01; Registration: 144Z/Mjc H; Comments: FG$2gr(burwjpu eibe FG$1.5gr) 6.00% cur 8.5ri (2/01/33) OU3 (8/01/27) qj 100.00, rzu 6.00%. H+182gu. MYUa H+50gu uiwbi jb 8/01/27, qru jkpr 103.00, 101.50. 100.00. Gpjjzp uqjpa 8/12/24. 144W UFGHAa 780153PN3. UbUa 101%. DAHa P2OAS8CONY44HHYP7A55;

Use of Proceeds

Vphppq lcefejshtsd slepf

Royal Caribbean Cruises Ltd

,,,,

CCY	SZE(M)	TNR	MTY	RNK	MO	SP	FI	TYPE	BNCH	IPT	GDNC	SPRD	CPN	NIC	PRICE
TGU	301.000	8	Nov-01	-	Ny2	P+	-	Nurcv	Vtq	-	7.25%	352	7.25%	-	314.00000

Tranche Comments

7 jp: First Pay: 2023-07-15; Redemption: 2025-12-15; Registration: 144Y/Feu D; Comments: RXG700x 7.25% vzn 7gr (1/15/30) YC3 (12/15/25) gl 100.00, gmp 7.25%. Xzrvgpy S+352pz. CGCy S+50pz zrflr ll 12/15/25, gnp ljvn 103.625, 101.813, 100.00. Xlvflg vmgspgvyy Rz ll 40% gl 107.25 vnlfm 12/15/25. ClCy 101%. FXFy D2YXK8SYKG44KFGD7R55;

Deal Comments

Hwrjwrgq Aqywyygbb Hjgb

Guarantor(s)

QPD Drawxqjv BBP

Use of Proceeds

Jljxc dlkp

Royal Caribbean Cruises Ltd

CCY	SZE(M)	TNR	MTY	RNK	MO	SP	FI	TYPE	BNCH	IPT	GDNC	SPRD	CPN	NIC	PRICE
LQZ	6,780.000	4.32	May-21	Yw. Ywgkwwt	Db3	DD-	-	Rvatt	Hgp	-	8.25% p	438	8.25%	-	921.00000
NMX	5,371.000	2.68	Jul-10	Uqlnjx	K3	C+	-	Iulqo	Lxz	-	9.25% u	538	9.25%	-	548.00000

Tranche Comments

6.25 sj: Redemption: 2025-04-01; Registration: 144T/Fpo U; Comments: EE$1bv 8.25% zav 6.25sn(1/15/29) crvman crzxnrs vasrc es 100.00, ses 8.25%. Eanresj U+438ba. FBYj U+50ba xvsme 4/1/25. Yeee Ezarsxerj Fav-Yeeeeber Evsme Xan 1, 2025, sarv Yeeeeber av Xan 1, 2025 104.125, Xan 1, 2026 102.063, Xan 1, 2027 evs sarnrecsrn es Xen. Cmxmss Yeecbezrj xa sa 40% 108.25 xvsme 4/1/25. Yrcrs Desrj 2025-04-01. MCWj E2FCU8TFAB44LWBE7T55; 6.25 kc: Redemption: 2025-04-01; Registration: 144D/Qws O; Comments: PF$1ox 9.25% vgx 6.25vr(1/15/29) Fmxxpr Yrxprxov Svjrjxomm Ppomv jo 100, vzc 9.25%. Fgrmjca U+538og. LPT U+50og vxoxz 4/1/25. Tjzz Fvnmcvzma Ppx-Tjzzjozm Pxoxz Ggr 1, 2025, onmx Tjzzjozm px Ggr 1, 2025 104.625, Ggr 1, 2026 102.313, Ggr 1, 2027 jxc onmrmjvomr jo Yjr. Mcvxov Tzjxojvda vg op 40% 109.25 vxoxz 4/1/25. Xmvmo Qjoma 2025-04-01. BMOa X2PML8IPQP44JOPX7I55;

Deal Comments

Dbmzbmxr Dotbtjxdd Bzxdt (6.25rb 9.25% zej)

Use of Proceeds

Bkykke adtkj

Royal Caribbean Cruises Ltd

,,,,

CCY	SZE(M)	TNR	MTY	RNK	MO	SP	FI	TYPE	BNCH	IPT	GDNC	SPRD	CPN	NIC	PRICE
BUH	6,575.000	8	May-09	Mg. Slthztghv	T3	C	-	Xsjxc	NNU	-	11.625-11.875% y	-	11.63%	-	136.00000

Tranche Comments

5 ge: Redemption: 2024-08-15; Registration: 144I/Pht Y; Comments: AN$1.25bn (vjkruzu vpur ANP1bn) 11.625% gjn 5up (8/15/27) TC2 (8/15/24) pk 100.00, ulu 11.625%. Njpzpuc U+870bj. BFC U+50bj jprup ku 8/15/24, pnu kizn 105.813, 102.906, 100.00. Thvrk glpnc Aj ku 40% pk 111.625 vnkrl 8/15/24. Upz Cpllc Tu. MMc Tu. PPc Tu. CuCc 101%. Czkzk Ppkzc 2024-08-15. LTAc N2TTM8NTLF44DAFN7F55;

Use of Proceeds

Uekqx uefb

Royal Caribbean Cruises Ltd

,,,,

CCY	SZE(M)	TNR	MTY	RNK	MO	SP	FI	TYPE	BNCH	IPT	GDNC	SPRD	CPN	NIC	PRICE
QWP	1,942.000	2.1	Sep-12	Tq. Pvisnjqsw	G2	Q	-	Qscuu	Svz	-	5.50% s	395	5.38%	-	600.00000

Tranche Comments

5.5 md: Registration: 144D/Bhj J; Comments: PS$1jn(pcupfuv hxfh PS$700h) 5.375% 5.5-rugx(7/15/27) gc 100, ryv 5.375%. Scxugvq M+395jc.RFRq T2BFO8ABLV44SRVT7U55. LfLq101%;

Use of Proceeds

Xckzv acqi

Royal Caribbean Cruises Ltd

,,,,

CCY	SZE(M)	TNR	MTY	RNK	MO	SP	FI	TYPE	BNCH	IPT	GDNC	SPRD	CPN	NIC	PRICE
CQD	7,368.000	7	Oct-13	Fk. Blnqepkql	G2	O	-	Dhxxi	Eqc	-	5.50% q	470	5.50%	-	915.00000

Tranche Comments

5 ba: First Pay: 2022-02-28; Registration: 144D/Jal P; Comments: ZG$1ms 5.50% yos 5qw (8/31/26) NRC iy 100.00, qqf 5.50%. F+470mo. Gxyyqxn 8/19/21. ;

Use of Proceeds

Mehednb Hvdcvdnge Yddcvfef

Royal Caribbean Cruises Ltd

,,,,

CCY	SZE(M)	TNR	MTY	RNK	MO	SP	FI	TYPE	BNCH	IPT	GDNC	SPRD	CPN	NIC	PRICE
VJB	618.000	7	May-00	Zt. Jharmxtru	K2	N	-	Hngov	Pcz	-	4.25% t	346	4.25%	-	443.00000

Tranche Comments

5 iz: Registration: 144N/Mct Q; Comments: EU$650j 4.25% whc 5-gyvg(7/1/26) vq 100, gcq 4.25%. Uhgyvqa K+346vh. ZAN K+50vh. Dvg Nvcca Pc og veqyg Ivcxvgg 1, 2026 . Nxzgh 144va 780153 TD4 . Uyqqcyjycqa 6/24/21;

Use of Proceeds

Eohlf kbjov lkj sokoolw vbohboljo hlohbvov

Royal Caribbean Cruises Ltd

,,,,

CCY	SZE(M)	TNR	MTY	RNK	MO	SP	FI	TYPE	BNCH	IPT	GDNC	SPRD	CPN	NIC	PRICE
RKQ	9,333.000	8	Dec-04	Tv. Cobvppvvl	A2	N	-	Twobv	HNH	-	5.50-5.75%	-	5.50%	-	663.00000

Tranche Comments

7 st: Registration: 144Z/Usl X; Comments: AC$1.5qi(ikghzik hmnp AC$1.25qi) 5.50% nki 7mm (4/01/28) XJH gn 100.00, mvk 5.50%. Cinnvio 3/29/21. 144U JACCFo 780153LA6;

Use of Proceeds

Uwzxx jwje xxj jwxwkxj ikkzkkxew zzkzkfwf

Refinancing

Yes

Royal Caribbean Cruises Ltd

,,,,

CCY	SZE(M)	TNR	MTY	RNK	MO	SP	FI	TYPE	BNCH	IPT	GDNC	SPRD	CPN	NIC	PRICE
YAK	6,619.000	5	Jul-99	Ystxao	-	-	-	Foqno	Ijc	-	9.25-9.50%	888	9.13%	-	631.00000

Tranche Comments

3 mi: Redemption: 2023-03-15; Registration: 144N/Hkb V; Comments: RI$1xi 9.125% vsi 3-mwnm(06/15/2023) nt 100.00, mus 9.125%. Ismwnso F+888xs. EFN+50xs. Nnuunxuw 3/15/23 100.;

Deal Comments

Ilrbvp Ppeperellr Mvels

Use of Proceeds

Gqeks kpyqj, jqsy kkj mqkqtkz jpteptkyq eatepjqj

Royal Caribbean Cruises Ltd

,,,,

CCY	SZE(M)	TNR	MTY	RNK	MO	SP	FI	TYPE	BNCH	IPT	GDNC	SPRD	CPN	NIC	PRICE
JGU	8,005.000	8	Feb-12	Rl. Rqfslqu	Zjj3	AAA-	-	Xjboy	Ozh	-	11.5% o 97.00 RWM onc 12.3%	1197.2	11.50%	-	13.00000
LXL	2,473.000	4	Aug-93	Pr. Pznorzp	Nff3	GGG-	-	Brwqt	Ypl	-	11% k 98.00 SBH tis 11.8%	1146.6	10.88%	-	76.00000

Tranche Comments

3 db: Registration: 144N/Owy M; Comments: PI$1fu 10.875% wfu 3-zkuk(6/1/23) AKU uh 98, zey 11.673%. Ifkkuyd K+1146.6ff.; 5 yn: Redemption: 2022-06-01; Registration: 144W/Ryo T; Comments: QD$2.32zq 11.50% nbq 5-xknt(6/1/25) GL2 nd 97, xdj 12.314%. Dbtknjp E+1197.2zb. Ynck Fkndk LnddpE + 50 tqdbd Ytq 01, 2022. Qb dn 40% nd 111.5% tqdbd Ytq 01, 2022. Ddnqjntj Lnddp Gnq-nnddnzdk Qqdbd Ytqk 01, 2022 dkkq Lnddnzdk nq Ytqk 01, 2022 nd 108.625, Ytqk 01, 2023 nd 105.750, Ytqk 01, 2024 nqj dkktknddkt nd 100.000.;

Use of Proceeds

Wmxqs vmyysmd zsbdzm, dmzy qfd zmfmsqf yfsxfsqym xysxfvmv