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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
CRUISE Royal Caribbean Group logo
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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Royal Caribbean Group

About the Author

Anne Kalosh

Editor, Seatrade Cruise News & Senior Associate Editor, Seatrade Cruise Review

Anne Kalosh covers global stories, reporting both breaking and in-depth news on cruising's significant people, places, ships and trends. A sought-after expert on cruising, she has moderated conferences around the world, including the high-profile State of the Industry panel at Seatrade Cruise Global. She created and led the acclaimed itinerary-planning case study for Seatrade's cruise master classes held at Cambridge and Oxford universities. She has been the cruise columnist for AFAR.com, and her freelance stories have appeared in a wide range of publications, from The New York Times to The Miami Herald.

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