Royal Caribbean Cruises Ltd. (RCC) has arranged US-$ denominated 12-year financing for its 4th and 5th Quantum-class newest ships with KfW IPEX-Bank. The unsecured loans will be guaranteed by Euler Hermes (export credit agency of Germany) up to 95%.

Each facility is for up to 80% of the contract price of each ship, which may be adjusted in order to reflect change orders in the construction contract with Meyer Werft, Germany but is not to exceed the US-$ equivalent of €931 million.


The loans will mature 12 years and amortize semi-annually following the delivery of each newbuild. Interest will accure at a fixed rate 3.45% or at a floating rate (LIBOR + 0.95%). 

The Quantum ships are due for delivery in the 2nd quarter of 2019 and the 4th quarter of 2020.