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Royal Caribbean closes $1.25b senior unsecured notes offeringRoyal Caribbean closes $1.25b senior unsecured notes offering
Royal Caribbean Group closed its private offering of $1.25b of 11.625% senior unsecured notes due 2027.
Anne Kalosh, Editor, Seatrade Cruise News & Senior Associate Editor, Seatrade Cruise Review
August 18, 2022
1 Min Read
Credit: Seatrade Cruise News
The offering was upsized from $1b.
Use of proceeds
The company intends to use the proceeds to repay principal on debt maturing in 2022 and/or 2023. Pending such uses, Royal Caribbean may temporarily apply the proceeds to repay borrowings under its revolving credit facilities or other borrowings.
The notes were offered only to qualified institutional investors outside the US.
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