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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.

Read more about:

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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