The Ritz-Carlton Yacht Collection has secured a debt restructuring agreement with its lenders while posting record quarterly bookings, according to the company’s Q1 2026 bond report, published on May 29.
Adjusted EBITDA for the quarter of 2026 was negative $19 million, compared to negative $33 million for the first quarter of 2025.
The company confirmed that an agreement with Ilma and Luminara facility lenders closed on May 21, 2026, deferring $171 million in amortization payments originally due between December 2025 and December 2027.
Those payments will now be repaid on a linear basis between January 2028 and January 2033, according to the report.
The company also said in its bond report that the load factor was 51 percent, which it…