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Completing $2b notes offering, Royal Caribbean to retire remaining secured debt
Royal Caribbean Group completed its upsized private offering of $2b 6% senior unsecured notes due 2033.
Anne Kalosh, Editor, Seatrade Cruise News & Senior Associate Editor, Seatrade Cruise Review
August 12, 2024
1 Min Read
LOGO: ROYAL CARIBBEAN GROUP
The company intends to use the proceeds, together with borrowings under its revolving credit facilities, to redeem all of its outstanding 9.25% senior notes due 2029 and all of its outstanding 8.25% senior secured notes due 2029, which comprise its remaining secured debt.
The notes were offered only to qualified institutional buyers outside the US.
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