Celestyal Completes Refinancing, Accelerates Growth Strategy

Boutique cruise line Celestyal has completed a major refinancing initiative, replacing its original vessel acquisition funding with “a more efficient financing model.”

According to the cruise line, the completion marks a significant step forward in its growth plans, lowering the company’s cost of capital and unlocking additional flexibility to reinvest in its fleet, product, and commercial operations.

“This refinancing marks a powerful endorsement of the progress we’ve made to evolve and fuel Celestyal’s ambitious development strategy,” said Marios Theodosiou, CFO at Celestyal. “From a full fleet renewal and more sustainable operations, to expanding our commercial footprint, launching year-round operations, and announcing our sailing program further ahead than ever before, we’ve demonstrated our ability to transform at pace.”

He added that the refinancing “signals growing confidence in Celestyal’s long-term business model, underpinned by improved profitability, enhanced financial resilience, and consistent operational delivery.”